https://www.taxtmi.com/caselaws?id=253484 The High Court of Gujarat upheld the decision of the Income Tax Appellate Tribunal (ITAT) that salt, specifically when produced from sea water, does not qualify as a "mineral" for tax deduction purposes under section 80HHC. The Court emphasized the constitutional distinction between minerals and salt, noting that salt is not included in the exceptions listed in the Income Tax Act. The appeal challenging the eligibility of a company for tax deduction on salt exports was dismissed, ruling in favor of the assessee and against the revenue, with no costs awarded. en-us Mon, 13 Oct 2014 00:00:00 +0530 Wed, 26 Nov 2014 06:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253484 The High Court of Gujarat upheld the decision of the Income Tax Appellate Tribunal (ITAT) that salt, specifically when produced from sea water, does not qualify as a "mineral" for tax deduction purposes under section 80HHC. The Court emphasized the constitutional distinction between minerals and salt, noting that salt is not included in the exceptions listed in the Income Tax Act. The appeal challenging the eligibility of a company for tax deduction on salt exports was dismissed, ruling in favor of the assessee and against the revenue, with no costs awarded. Case-Laws Income Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253484