https://www.taxtmi.com/caselaws?id=209379 The High Court ruled in favor of the revenue, holding that the compensation received did not qualify for the deduction under Section 80 HHC of the Income Tax Act as it did not meet the criteria of income derived from export activities. The appeal by the revenue was allowed, overturning the decision of the lower authorities and denying the deduction on the compensation received by the assessee from M/s Pepsico India Holding (P) Ltd. en-us Tue, 12 Oct 2010 00:00:00 +0530 Tue, 07 Feb 2012 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209379 The High Court ruled in favor of the revenue, holding that the compensation received did not qualify for the deduction under Section 80 HHC of the Income Tax Act as it did not meet the criteria of income derived from export activities. The appeal by the revenue was allowed, overturning the decision of the lower authorities and denying the deduction on the compensation received by the assessee from M/s Pepsico India Holding (P) Ltd. Case-Laws Income Tax Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209379