https://www.taxtmi.com/caselaws?id=220033 The High Court upheld the Tribunal's decision, rejecting the appellant's claims for deduction of interest income and godown rent as export profit under Section 80HHC of the Income Tax Act. The Court determined that the rent for storing goods did not qualify as export profit, as defined by the Act. Therefore, the appeals were dismissed, affirming the exclusion of rent in the computation of eligible deduction under Section 80HHC. en-us Tue, 24 Jul 2012 00:00:00 +0530 Mon, 07 Jan 2013 09:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220033 The High Court upheld the Tribunal's decision, rejecting the appellant's claims for deduction of interest income and godown rent as export profit under Section 80HHC of the Income Tax Act. The Court determined that the rent for storing goods did not qualify as export profit, as defined by the Act. Therefore, the appeals were dismissed, affirming the exclusion of rent in the computation of eligible deduction under Section 80HHC. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220033