https://www.taxtmi.com/caselaws?id=118318 The Tribunal partially allowed the revenue's appeal and dismissed the assessee's appeal in a case concerning the computation of deduction under section 80HHC of the Income-tax Act. It affirmed the inclusion of unrealized export proceeds in total turnover, rejected the claim for trading loss, and emphasized adherence to the accrual system of accounting. The decision underscored the importance of following the specific provisions of the Income-tax Act in determining deductions and bad debts. en-us Thu, 27 Apr 2006 00:00:00 +0530 Fri, 29 Jun 2012 18:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118318 The Tribunal partially allowed the revenue's appeal and dismissed the assessee's appeal in a case concerning the computation of deduction under section 80HHC of the Income-tax Act. It affirmed the inclusion of unrealized export proceeds in total turnover, rejected the claim for trading loss, and emphasized adherence to the accrual system of accounting. The decision underscored the importance of following the specific provisions of the Income-tax Act in determining deductions and bad debts. Case-Laws Income Tax Thu, 27 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118318