https://www.taxtmi.com/caselaws?id=125893 The High Court dismissed the appeal, ruling against the appellant's substantial questions of law. It held that the cessation of liability amount could not be considered as earned from the business of export, thus not eligible for deduction under Section 80HHC of the Income Tax Act, 1961. The Court emphasized the limited scope of legal fictions and upheld the specific criteria for claiming deductions, ultimately affirming the decision to disallow the deduction and dismissing the appeal without costs. en-us Mon, 20 Aug 2007 00:00:00 +0530 Tue, 30 Dec 2014 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125893 The High Court dismissed the appeal, ruling against the appellant's substantial questions of law. It held that the cessation of liability amount could not be considered as earned from the business of export, thus not eligible for deduction under Section 80HHC of the Income Tax Act, 1961. The Court emphasized the limited scope of legal fictions and upheld the specific criteria for claiming deductions, ultimately affirming the decision to disallow the deduction and dismissing the appeal without costs. Case-Laws Income Tax Mon, 20 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125893