https://www.taxtmi.com/caselaws?id=257084 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling in favor of the assessee's eligibility for deduction under Section 80HHC. The Court determined that the exported minerals (quartz and feldspar) qualified as "processed minerals" under item (x) of Schedule XII, rejecting the restrictive interpretation by the Assessing Officer. The Court emphasized that as long as any one of the processing methods specified in the Schedule is met, the deduction should apply. The Revenue's appeals were dismissed, and the Court favored the assessee in this case. en-us Mon, 16 Feb 2015 00:00:00 +0530 Wed, 12 Aug 2015 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257084 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling in favor of the assessee's eligibility for deduction under Section 80HHC. The Court determined that the exported minerals (quartz and feldspar) qualified as "processed minerals" under item (x) of Schedule XII, rejecting the restrictive interpretation by the Assessing Officer. The Court emphasized that as long as any one of the processing methods specified in the Schedule is met, the deduction should apply. The Revenue's appeals were dismissed, and the Court favored the assessee in this case. Case-Laws Income Tax Mon, 16 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257084