https://www.taxtmi.com/caselaws?id=173864 The High Court held that the export turnover from the EPZ unit should not be excluded when calculating the deduction under Section 80HHC of the Income-tax Act, 1961. The court emphasized the beneficial nature of the provision in encouraging exports and found that the deduction formula did not reference total income, making the export turnover integral to the computation. The court ruled in favor of the assessee, rejecting the revenue's argument that income from the EPZ unit, once excluded from total income, could not be reintroduced for deduction purposes. en-us Fri, 17 Oct 2008 00:00:00 +0530 Wed, 23 Sep 2015 17:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173864 The High Court held that the export turnover from the EPZ unit should not be excluded when calculating the deduction under Section 80HHC of the Income-tax Act, 1961. The court emphasized the beneficial nature of the provision in encouraging exports and found that the deduction formula did not reference total income, making the export turnover integral to the computation. The court ruled in favor of the assessee, rejecting the revenue's argument that income from the EPZ unit, once excluded from total income, could not be reintroduced for deduction purposes. Case-Laws Income Tax Fri, 17 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173864