https://www.taxtmi.com/caselaws?id=258628 The High Court interpreted Section 80-HHC of the Income Tax Act, 1961, ruling that commission received from Indian parties on transfer of export orders is eligible for deduction under this provision. The Court emphasized the nexus between the commission and the export business, following precedents set by a special bench decision of the ITAT and Supreme Court judgments. Two Division Bench judgments further supported this interpretation, leading to the dismissal of the appeal in favor of the assessee. The income derived from commission on export orders was deemed eligible for deduction under Section 80-HHC, ensuring consistency in judicial interpretation. en-us Tue, 07 Apr 2015 00:00:00 +0530 Thu, 16 Apr 2015 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258628 The High Court interpreted Section 80-HHC of the Income Tax Act, 1961, ruling that commission received from Indian parties on transfer of export orders is eligible for deduction under this provision. The Court emphasized the nexus between the commission and the export business, following precedents set by a special bench decision of the ITAT and Supreme Court judgments. Two Division Bench judgments further supported this interpretation, leading to the dismissal of the appeal in favor of the assessee. The income derived from commission on export orders was deemed eligible for deduction under Section 80-HHC, ensuring consistency in judicial interpretation. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258628