https://www.taxtmi.com/caselaws?id=250616 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling that the deemed credit under the CENVAT Incentive Scheme should be included in business profits for deduction under section 80HHC of the Income Tax Act. The Court determined that the CENVAT incentives qualified as export incentives, enhancing business profits eligible for deduction. The appeal was dismissed as the Court found no error in the ITAT's decision, concluding that no substantial legal question arose for consideration. en-us Wed, 13 Aug 2014 00:00:00 +0530 Wed, 20 Aug 2014 08:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250616 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling that the deemed credit under the CENVAT Incentive Scheme should be included in business profits for deduction under section 80HHC of the Income Tax Act. The Court determined that the CENVAT incentives qualified as export incentives, enhancing business profits eligible for deduction. The appeal was dismissed as the Court found no error in the ITAT's decision, concluding that no substantial legal question arose for consideration. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250616