https://www.taxtmi.com/caselaws?id=2082 The Tribunal upheld the assessee's entitlement to claim a deduction under section 80HHC of the Income-tax Act for profits related to the export of goods. The Tribunal affirmed that the profits linked to the business of export, as determined by the Assessing Officer, are eligible for relief under section 80HHC. The judgment clarified the application of section 80HHC, emphasizing that if the profits are connected to the export business, the assessee can claim deductions as per the Act. The Revenue's appeal was dismissed, and the decision favored the assessee, highlighting compliance with statutory provisions for claiming deductions on export profits. en-us Thu, 26 Jul 2007 00:00:00 +0530 Fri, 01 Aug 2008 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2082 The Tribunal upheld the assessee's entitlement to claim a deduction under section 80HHC of the Income-tax Act for profits related to the export of goods. The Tribunal affirmed that the profits linked to the business of export, as determined by the Assessing Officer, are eligible for relief under section 80HHC. The judgment clarified the application of section 80HHC, emphasizing that if the profits are connected to the export business, the assessee can claim deductions as per the Act. The Revenue's appeal was dismissed, and the decision favored the assessee, highlighting compliance with statutory provisions for claiming deductions on export profits. Case-Laws Income Tax Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2082