https://www.taxtmi.com/caselaws?id=326010 The Tribunal concluded that the undisclosed income declared by the assessee during a search operation met the criteria for deduction under Section 80HHC. The additional income derived from export activities satisfied the conditions of Section 80HHC, including receiving sale proceeds in foreign exchange and certification by a Chartered Accountant. The Tribunal directed the Assessing Officer to allow the deduction for the additional income, dismissing the revenue's appeal and allowing the assessee's cross-objection. The decision highlighted the importance of following judicial directives and applying relevant legal provisions and precedents in determining eligibility for tax deductions. en-us Wed, 02 Mar 2016 00:00:00 +0530 Thu, 31 Mar 2016 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326010 The Tribunal concluded that the undisclosed income declared by the assessee during a search operation met the criteria for deduction under Section 80HHC. The additional income derived from export activities satisfied the conditions of Section 80HHC, including receiving sale proceeds in foreign exchange and certification by a Chartered Accountant. The Tribunal directed the Assessing Officer to allow the deduction for the additional income, dismissing the revenue's appeal and allowing the assessee's cross-objection. The decision highlighted the importance of following judicial directives and applying relevant legal provisions and precedents in determining eligibility for tax deductions. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326010