https://www.taxtmi.com/caselaws?id=257829 The High Court ruled in favor of the respondent-assessee, a dealer of jewellery and handicrafts, in a case concerning the interpretation of section 80HHC of the Income Tax Act. The court held that counter sales to foreign tourists against convertible foreign exchange in India are eligible for deduction under section 80HHC, even without proof of clearance at any Customs Station. The court emphasized that the Sale To Foreign Tourists Voucher provided by the assessee was sufficient proof of export out of India, aligning with Supreme Court precedent and decisions of other High Courts. The Income Tax Appeal was dismissed, affirming the assessee's eligibility for the deduction. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 24 Mar 2015 06:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257829 The High Court ruled in favor of the respondent-assessee, a dealer of jewellery and handicrafts, in a case concerning the interpretation of section 80HHC of the Income Tax Act. The court held that counter sales to foreign tourists against convertible foreign exchange in India are eligible for deduction under section 80HHC, even without proof of clearance at any Customs Station. The court emphasized that the Sale To Foreign Tourists Voucher provided by the assessee was sufficient proof of export out of India, aligning with Supreme Court precedent and decisions of other High Courts. The Income Tax Appeal was dismissed, affirming the assessee's eligibility for the deduction. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257829