https://www.taxtmi.com/caselaws?id=234337 The High Court affirmed the Tribunal's decision that specific amounts claimed by the appellant were part of business profit eligible for deduction under Section 80HHC. However, the Court held that interest received and postage/insurance charges were not part of export income, leading to the dismissal of the appeal based on factual findings. The Court also upheld the legality of reassessment proceedings initiated under Section 148, concluding that the Tribunal's findings were legally justified and dismissing objections raised against the reassessment. The Court remanded the matter of postage and insurance charges for further verification by the Assessing Officer. en-us Fri, 17 May 2013 00:00:00 +0530 Fri, 07 Jun 2013 09:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234337 The High Court affirmed the Tribunal's decision that specific amounts claimed by the appellant were part of business profit eligible for deduction under Section 80HHC. However, the Court held that interest received and postage/insurance charges were not part of export income, leading to the dismissal of the appeal based on factual findings. The Court also upheld the legality of reassessment proceedings initiated under Section 148, concluding that the Tribunal's findings were legally justified and dismissing objections raised against the reassessment. The Court remanded the matter of postage and insurance charges for further verification by the Assessing Officer. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234337