https://www.taxtmi.com/caselaws?id=208147 The High Court ruled in favor of the appellant, a public limited company, in a tax dispute concerning the deduction of indirect costs under Section 80HHC of the Income-tax Act. The Court held that costs attributable to incomes other than exports should be excluded from calculating indirect costs attributable to export, following the principle of attribution. Citing relevant provisions and precedents, including a Supreme Court judgment, the Court allowed the appellant to claim the full benefit of Rs. 50 lakhs, overturning the lower authorities' decision and emphasizing consistency in interpretation across assessment years. en-us Wed, 29 Sep 2010 00:00:00 +0530 Fri, 06 Jan 2012 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208147 The High Court ruled in favor of the appellant, a public limited company, in a tax dispute concerning the deduction of indirect costs under Section 80HHC of the Income-tax Act. The Court held that costs attributable to incomes other than exports should be excluded from calculating indirect costs attributable to export, following the principle of attribution. Citing relevant provisions and precedents, including a Supreme Court judgment, the Court allowed the appellant to claim the full benefit of Rs. 50 lakhs, overturning the lower authorities' decision and emphasizing consistency in interpretation across assessment years. Case-Laws Income Tax Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208147