https://www.taxtmi.com/caselaws?id=212655 The court held that depreciation must be allowed while computing deductions under Section 80HHC and income under the head "Business," even if not claimed by the assessee. Additionally, losses on the export of trading goods should be added to the profits of the business for computing the deduction under Section 80HHC. The court ruled in favor of the revenue on the first issue and in favor of the assessee on the second and third issues. en-us Tue, 27 Mar 2012 00:00:00 +0530 Wed, 18 Apr 2012 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212655 The court held that depreciation must be allowed while computing deductions under Section 80HHC and income under the head "Business," even if not claimed by the assessee. Additionally, losses on the export of trading goods should be added to the profits of the business for computing the deduction under Section 80HHC. The court ruled in favor of the revenue on the first issue and in favor of the assessee on the second and third issues. Case-Laws Income Tax Tue, 27 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212655