https://www.taxtmi.com/caselaws?id=255047 The court interpreted Sections 80HHC and 115JA of the Income Tax Act, emphasizing accurate profit calculation. It ruled that indirect costs for deduction under Section 80HHC should consider all business profits, not just export activities. The appellant's restrictive interpretation was rejected, affirming that export profits stem from overall business profits. The Tribunal's decision was upheld, dismissing the appeal without costs and addressing related petitions. The judgment stressed a holistic approach to profit calculation under Section 80HHC for tax purposes. en-us Tue, 02 Dec 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255047 The court interpreted Sections 80HHC and 115JA of the Income Tax Act, emphasizing accurate profit calculation. It ruled that indirect costs for deduction under Section 80HHC should consider all business profits, not just export activities. The appellant's restrictive interpretation was rejected, affirming that export profits stem from overall business profits. The Tribunal's decision was upheld, dismissing the appeal without costs and addressing related petitions. The judgment stressed a holistic approach to profit calculation under Section 80HHC for tax purposes. Case-Laws Income Tax Tue, 02 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255047