https://www.taxtmi.com/caselaws?id=326194 The Appellate Tribunal ITAT Mumbai partially allowed the assessee's appeal regarding the deduction under section 80 HHC of the Income Tax Act. The Tribunal remitted the case back to the Assessing Officer for fresh adjudication, considering the retrospective amendment allowing netting off of export incentives against losses. The Tribunal emphasized the importance of relevant legislation and judgments not being available to the AO/FAA during the initial assessment, directing a reevaluation with a reasonable opportunity for the assessee to be heard. en-us Wed, 06 Apr 2016 00:00:00 +0530 Mon, 08 Aug 2022 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326194 The Appellate Tribunal ITAT Mumbai partially allowed the assessee's appeal regarding the deduction under section 80 HHC of the Income Tax Act. The Tribunal remitted the case back to the Assessing Officer for fresh adjudication, considering the retrospective amendment allowing netting off of export incentives against losses. The Tribunal emphasized the importance of relevant legislation and judgments not being available to the AO/FAA during the initial assessment, directing a reevaluation with a reasonable opportunity for the assessee to be heard. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326194