https://www.taxtmi.com/caselaws?id=62543 The Tribunal ruled in favor of the assessee, holding that even if the export turnover in the immediately preceding year was nil, the assessee would still be entitled to a deduction of 5 percent of the entire eligible turnover during the previous year under section 80HHC(1)(b) of the Income Tax Act, 1961. The Tribunal found that the Income-tax Officer's order was not erroneous or prejudicial to the revenue's interests, thereby canceling the Commissioner's order under section 263. The judgment clarified the eligibility criteria for claiming deductions under the relevant provisions of the Act. en-us Mon, 27 May 1991 00:00:00 +0530 Thu, 20 Jan 2011 13:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62543 The Tribunal ruled in favor of the assessee, holding that even if the export turnover in the immediately preceding year was nil, the assessee would still be entitled to a deduction of 5 percent of the entire eligible turnover during the previous year under section 80HHC(1)(b) of the Income Tax Act, 1961. The Tribunal found that the Income-tax Officer's order was not erroneous or prejudicial to the revenue's interests, thereby canceling the Commissioner's order under section 263. The judgment clarified the eligibility criteria for claiming deductions under the relevant provisions of the Act. Case-Laws Income Tax Mon, 27 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62543