https://www.taxtmi.com/caselaws?id=247670 The Supreme Court condoned the delay in filing the special leave petition and granted leave to proceed. It interpreted Section 80HHC of the Income Tax Act, clarifying that an assessee with export turnover exceeding Rs.10 crores is eligible for certain deductions. The Court applied the principles from a prior case to ensure consistency in the interpretation of the law. The impugned judgment was set aside, directing the Assessing Officer to compute the deduction under Section 80HHC accordingly. en-us Wed, 07 May 2014 00:00:00 +0530 Mon, 19 May 2014 08:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247670 The Supreme Court condoned the delay in filing the special leave petition and granted leave to proceed. It interpreted Section 80HHC of the Income Tax Act, clarifying that an assessee with export turnover exceeding Rs.10 crores is eligible for certain deductions. The Court applied the principles from a prior case to ensure consistency in the interpretation of the law. The impugned judgment was set aside, directing the Assessing Officer to compute the deduction under Section 80HHC accordingly. Case-Laws Income Tax Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247670