https://www.taxtmi.com/caselaws?id=69610 The Supreme Court held that the assessee was not entitled to a deduction under section 80HHC of the Income Tax Act for the assessment year 1986-87. The court ruled that the premium on export license, export subsidy, and duty drawback were not profits derived from the export business and thus could not be included in the calculation of export profits for the purpose of the deduction. As the assessee did not meet the conditions for the deduction, it was rightfully denied based on the precedent and interpretation of the law. en-us Fri, 04 Jun 1999 00:00:00 +0530 Mon, 11 Apr 2011 10:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69610 The Supreme Court held that the assessee was not entitled to a deduction under section 80HHC of the Income Tax Act for the assessment year 1986-87. The court ruled that the premium on export license, export subsidy, and duty drawback were not profits derived from the export business and thus could not be included in the calculation of export profits for the purpose of the deduction. As the assessee did not meet the conditions for the deduction, it was rightfully denied based on the precedent and interpretation of the law. Case-Laws Income Tax Fri, 04 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69610