https://www.taxtmi.com/caselaws?id=205967 The court determined that Calcined Petroleum Coke (CPC) is not considered a "mineral oil" under section 80HHC(2)(b) of the Income-tax Act. As a result, the appellant was deemed eligible for deductions on export profits under section 80HHC. The decisions of the Income-tax Appellate Tribunal (ITAT) and the Commissioner of Income-tax (CIT) were overturned, with the court ruling in favor of the appellant. This outcome clarified that CPC, despite being derived from petroleum crude, is not encompassed within the definition of mineral oil for the purposes of the deduction provision. en-us Thu, 21 Oct 2010 00:00:00 +0530 Mon, 26 Mar 2012 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205967 The court determined that Calcined Petroleum Coke (CPC) is not considered a "mineral oil" under section 80HHC(2)(b) of the Income-tax Act. As a result, the appellant was deemed eligible for deductions on export profits under section 80HHC. The decisions of the Income-tax Appellate Tribunal (ITAT) and the Commissioner of Income-tax (CIT) were overturned, with the court ruling in favor of the appellant. This outcome clarified that CPC, despite being derived from petroleum crude, is not encompassed within the definition of mineral oil for the purposes of the deduction provision. Case-Laws Income Tax Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205967