https://www.taxtmi.com/caselaws?id=214125 The court ruled in favor of the assessee, upholding that deductions under section 80HHC should be calculated based on net receipts included in business profits. The court determined that 90% of the net commission should be deducted for the purpose of claiming deductions on exports, aligning with the interpretation that the deduction applies to net receipts included in the profits of the business. The appellate authorities were found to have correctly applied legal principles and did not consider irrelevant circumstances, ensuring accurate computation of export profits for section 80HHC deductions. en-us Wed, 21 Jul 2010 00:00:00 +0530 Tue, 19 Jun 2012 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214125 The court ruled in favor of the assessee, upholding that deductions under section 80HHC should be calculated based on net receipts included in business profits. The court determined that 90% of the net commission should be deducted for the purpose of claiming deductions on exports, aligning with the interpretation that the deduction applies to net receipts included in the profits of the business. The appellate authorities were found to have correctly applied legal principles and did not consider irrelevant circumstances, ensuring accurate computation of export profits for section 80HHC deductions. Case-Laws Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214125