https://www.taxtmi.com/caselaws?id=177763 The High Court dismissed the appeal challenging the Tribunal's decision in a case involving the computation of turnover and profits under section 80HHC. The Court upheld the direction to calculate the deduction based on the turnover and profits of the granite division only, excluding other units. Citing precedents and legal arguments, the Court affirmed that maintaining separate accounts for export and domestic business activities allows the assessee to claim the deduction under section 80HHC solely on export profits. The appeal was therefore dismissed in favor of computing the deduction based on the granite division's financials. en-us Mon, 05 Jan 2009 00:00:00 +0530 Mon, 18 Jan 2016 15:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177763 The High Court dismissed the appeal challenging the Tribunal's decision in a case involving the computation of turnover and profits under section 80HHC. The Court upheld the direction to calculate the deduction based on the turnover and profits of the granite division only, excluding other units. Citing precedents and legal arguments, the Court affirmed that maintaining separate accounts for export and domestic business activities allows the assessee to claim the deduction under section 80HHC solely on export profits. The appeal was therefore dismissed in favor of computing the deduction based on the granite division's financials. Case-Laws Income Tax Mon, 05 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177763