https://www.taxtmi.com/caselaws?id=76637 Bombay HC held that the SC's interpretation of Explanation (baa) to section 80HHC is binding and requires exclusion of amounts unrelatable to export activity. Consequently, 90% reductions claimed on recoveries for freight, insurance and packing, sales tax set-off/refund and service income were not allowable in computing export profits under section 80HHC. The court answered the question in favour of the Revenue and against the assessee and allowed the appeal. en-us Thu, 08 Apr 2010 00:00:00 +0530 Mon, 17 Nov 2025 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76637 Bombay HC held that the SC's interpretation of Explanation (baa) to section 80HHC is binding and requires exclusion of amounts unrelatable to export activity. Consequently, 90% reductions claimed on recoveries for freight, insurance and packing, sales tax set-off/refund and service income were not allowable in computing export profits under section 80HHC. The court answered the question in favour of the Revenue and against the assessee and allowed the appeal. Case-Laws Income Tax Thu, 08 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76637