https://www.taxtmi.com/caselaws?id=235319 The Supreme Court allowed the Civil Appeals, directing the Assessing Officer to compute the deduction under Section 80HHC for the appellants in accordance with statutory provisions. The Court emphasized adherence to the taxing statute's strict language and the assessee's entitlement to deductions, overturning the decisions of the lower courts. The judgment clarified the application of Section 80HHC to cases with export turnover exceeding Rs.10 crores and profits on the transfer of DEPB, providing clarity on deduction computation in such scenarios. en-us Mon, 15 Jul 2013 00:00:00 +0530 Fri, 31 Jan 2014 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235319 The Supreme Court allowed the Civil Appeals, directing the Assessing Officer to compute the deduction under Section 80HHC for the appellants in accordance with statutory provisions. The Court emphasized adherence to the taxing statute's strict language and the assessee's entitlement to deductions, overturning the decisions of the lower courts. The judgment clarified the application of Section 80HHC to cases with export turnover exceeding Rs.10 crores and profits on the transfer of DEPB, providing clarity on deduction computation in such scenarios. Case-Laws Income Tax Mon, 15 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235319