https://www.taxtmi.com/caselaws?id=257908 The court ruled in favor of the assessee, a dealer of jewellery and handicrafts, regarding the interpretation of Section 80HHC of the Income Tax Act. The court held that proof of customs clearance was not necessary for deductions on counter sales to foreign tourists against convertible foreign exchange. Citing precedents, including the Supreme Court and various High Court decisions, the court emphasized that the declaration on the Sale To Foreign Tourists Voucher sufficed as proof of export out of India. The judgment favored the assessee, dismissing the Income Tax Department's appeals and directing the judgment to be included in all related files. en-us Tue, 10 Feb 2015 00:00:00 +0530 Thu, 26 Mar 2015 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257908 The court ruled in favor of the assessee, a dealer of jewellery and handicrafts, regarding the interpretation of Section 80HHC of the Income Tax Act. The court held that proof of customs clearance was not necessary for deductions on counter sales to foreign tourists against convertible foreign exchange. Citing precedents, including the Supreme Court and various High Court decisions, the court emphasized that the declaration on the Sale To Foreign Tourists Voucher sufficed as proof of export out of India. The judgment favored the assessee, dismissing the Income Tax Department's appeals and directing the judgment to be included in all related files. Case-Laws Income Tax Tue, 10 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257908