https://www.taxtmi.com/caselaws?id=69653 Entitlement to deduction under section 80HHC for granite exports depended on whether the goods exported were processed granite, namely cut and polished dimensional blocks, rather than rough granite. The Tribunal referred to the statutory scheme, the Twelfth Schedule and CBDT circulars distinguishing processed granite from rough granite, and noted that such clarificatory circulars bind the authorities and operate retrospectively. Because the record did not clearly establish the exact nature of the exports or the effect of the polishing unit's closure, the matter was remitted to the Assessing Officer for fresh factual verification and application of the governing legal principles after hearing the assessee. en-us Fri, 25 Oct 2002 00:00:00 +0530 Mon, 11 Apr 2011 12:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69653 Entitlement to deduction under section 80HHC for granite exports depended on whether the goods exported were processed granite, namely cut and polished dimensional blocks, rather than rough granite. The Tribunal referred to the statutory scheme, the Twelfth Schedule and CBDT circulars distinguishing processed granite from rough granite, and noted that such clarificatory circulars bind the authorities and operate retrospectively. Because the record did not clearly establish the exact nature of the exports or the effect of the polishing unit's closure, the matter was remitted to the Assessing Officer for fresh factual verification and application of the governing legal principles after hearing the assessee. Case-Laws Income Tax Fri, 25 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69653