https://www.taxtmi.com/caselaws?id=65081 The Tribunal concluded that losses from the export of trading goods must be set-off against profits from the export of manufactured goods under section 80HHC(3)(c). It determined that losses should be ignored when computing deductions under the proviso to section 80HHC(3). Additionally, only 90% of the net interest (interest received minus interest paid) should be reduced from business profits for the application of Explanation (baa) below sub-section (4B) of section 80HHC. en-us Wed, 25 Feb 2004 00:00:00 +0530 Mon, 24 Jun 2024 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65081 The Tribunal concluded that losses from the export of trading goods must be set-off against profits from the export of manufactured goods under section 80HHC(3)(c). It determined that losses should be ignored when computing deductions under the proviso to section 80HHC(3). Additionally, only 90% of the net interest (interest received minus interest paid) should be reduced from business profits for the application of Explanation (baa) below sub-section (4B) of section 80HHC. Case-Laws Income Tax Wed, 25 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65081