https://www.taxtmi.com/caselaws?id=216274 The Assessing Officer disallowed the deduction u/s 80HHC on export incentives (DEPB and DFRC) due to non-compliance with conditions, leading to a reduced deduction amount. The CIT(A) upheld the recalculation based on amended provisions, including the treatment of DEPB and DFRC proceeds as revenue receipts. The Tribunal remanded the matter to recompute the deduction in line with the Supreme Court judgment, emphasizing a fair hearing for the appellant. The CIT(A) was directed to reconsider submissions and recompute the deduction, allowing the appeal partly for statistical purposes. en-us Fri, 15 Jun 2012 00:00:00 +0530 Tue, 28 Aug 2012 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216274 The Assessing Officer disallowed the deduction u/s 80HHC on export incentives (DEPB and DFRC) due to non-compliance with conditions, leading to a reduced deduction amount. The CIT(A) upheld the recalculation based on amended provisions, including the treatment of DEPB and DFRC proceeds as revenue receipts. The Tribunal remanded the matter to recompute the deduction in line with the Supreme Court judgment, emphasizing a fair hearing for the appellant. The CIT(A) was directed to reconsider submissions and recompute the deduction, allowing the appeal partly for statistical purposes. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216274