https://www.taxtmi.com/caselaws?id=151610 The ITAT Chennai allowed the appeal, reinstating the Assessing Officer's assessment order for AY 2003-04 regarding deduction under section 80HHC for quota sales as export incentives. The ITAT held that the order was not erroneous as the Central Board of Direct Taxes Circular supported the deduction claim, indicating the Assessing Officer applied his mind. The Commissioner's order under section 263 was set aside. en-us Tue, 19 Jan 2010 00:00:00 +0530 Fri, 07 Jun 2013 18:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151610 The ITAT Chennai allowed the appeal, reinstating the Assessing Officer's assessment order for AY 2003-04 regarding deduction under section 80HHC for quota sales as export incentives. The ITAT held that the order was not erroneous as the Central Board of Direct Taxes Circular supported the deduction claim, indicating the Assessing Officer applied his mind. The Commissioner's order under section 263 was set aside. Case-Laws Income Tax Tue, 19 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151610