https://www.taxtmi.com/caselaws?id=62284 The Tribunal dismissed the Revenue's appeals, affirming that the reopening of assessments under Section 147 of the IT Act was invalid. Assessees were found entitled to full deductions under Section 80HHC for exports made through export houses. The Tribunal emphasized that the assessees, who bore risks and expenses, were the real exporters deserving the deductions, and the reliance on outdated circulars for reopening assessments was unjustified. The CIT(A)'s orders in favor of the assessees were upheld, and the cross-objections filed by the assessees were also dismissed. en-us Thu, 26 Jun 1997 00:00:00 +0530 Wed, 19 Jan 2011 10:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62284 The Tribunal dismissed the Revenue's appeals, affirming that the reopening of assessments under Section 147 of the IT Act was invalid. Assessees were found entitled to full deductions under Section 80HHC for exports made through export houses. The Tribunal emphasized that the assessees, who bore risks and expenses, were the real exporters deserving the deductions, and the reliance on outdated circulars for reopening assessments was unjustified. The CIT(A)'s orders in favor of the assessees were upheld, and the cross-objections filed by the assessees were also dismissed. Case-Laws Income Tax Thu, 26 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62284