https://www.taxtmi.com/caselaws?id=251184 The court dismissed the writ petition challenging the Commissioner of Income Tax's order under Section 264, regarding the claim for deduction under section 80-HHC based on anti-dated invoices. The court found that the petitioner's actions were a colorable device to obtain benefits under section 80-HHC by anti-dating invoices and not obtaining export clearance certificates. It upheld the Assessing Officer's decision to reduce the export turnover declared in the books of accounts, emphasizing the need to complete export transactions within the relevant assessment year for tax benefits. en-us Tue, 02 Sep 2014 00:00:00 +0530 Sat, 06 Sep 2014 09:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251184 The court dismissed the writ petition challenging the Commissioner of Income Tax's order under Section 264, regarding the claim for deduction under section 80-HHC based on anti-dated invoices. The court found that the petitioner's actions were a colorable device to obtain benefits under section 80-HHC by anti-dating invoices and not obtaining export clearance certificates. It upheld the Assessing Officer's decision to reduce the export turnover declared in the books of accounts, emphasizing the need to complete export transactions within the relevant assessment year for tax benefits. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251184