https://www.taxtmi.com/caselaws?id=69576 The appellant company's claim for deduction u/s 80HHC was disallowed by the Assessing Officer and upheld by the CIT (Appeals) due to lack of supporting manufacturer-exporter relationship. The ITAT ruled that only trading receipts should be considered as turnover for section 80HHC, not income items like brokerage or dividends. The deduction was ultimately denied as the appellant incurred a loss in the export business, resulting in a NIL deduction under section 80HHC. The appeal against this decision was dismissed by the ITAT. en-us Wed, 31 Mar 1993 00:00:00 +0530 Thu, 07 Apr 2011 17:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69576 The appellant company's claim for deduction u/s 80HHC was disallowed by the Assessing Officer and upheld by the CIT (Appeals) due to lack of supporting manufacturer-exporter relationship. The ITAT ruled that only trading receipts should be considered as turnover for section 80HHC, not income items like brokerage or dividends. The deduction was ultimately denied as the appellant incurred a loss in the export business, resulting in a NIL deduction under section 80HHC. The appeal against this decision was dismissed by the ITAT. Case-Laws Income Tax Wed, 31 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69576