https://www.taxtmi.com/caselaws?id=235113 The Supreme Court clarified the interpretation of Section 80HHC of the Income Tax Act, emphasizing that assessees with export turnovers exceeding Rs. 10 crores are entitled to deductions under certain provisions. The Court set aside High Court judgments and directed the Assessing Officer to compute deductions in accordance with the clarified interpretation. The Civil Appeals were allowed with no costs, based on the principles of statutory interpretation outlined in the Topman Exports case. en-us Mon, 01 Jul 2013 00:00:00 +0530 Thu, 11 Jul 2013 14:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235113 The Supreme Court clarified the interpretation of Section 80HHC of the Income Tax Act, emphasizing that assessees with export turnovers exceeding Rs. 10 crores are entitled to deductions under certain provisions. The Court set aside High Court judgments and directed the Assessing Officer to compute deductions in accordance with the clarified interpretation. The Civil Appeals were allowed with no costs, based on the principles of statutory interpretation outlined in the Topman Exports case. Case-Laws Income Tax Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235113