https://www.taxtmi.com/caselaws?id=3367 The court dismissed the appeal, ruling that the excess stock found during a survey operation did not entitle the assessee to claim a deduction under Section 80HHC of the Income-tax Act, 1961. The court emphasized that the burden of proof to establish eligibility for the deduction lay with the assessee, and the surrender of income alone was insufficient to qualify for the deduction. The judgment clarified that specific conditions must be met to claim the deduction, and in this case, the surrendered amount could not be considered as income from exports. en-us Fri, 22 Sep 2006 00:00:00 +0530 Tue, 29 Jul 2008 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3367 The court dismissed the appeal, ruling that the excess stock found during a survey operation did not entitle the assessee to claim a deduction under Section 80HHC of the Income-tax Act, 1961. The court emphasized that the burden of proof to establish eligibility for the deduction lay with the assessee, and the surrender of income alone was insufficient to qualify for the deduction. The judgment clarified that specific conditions must be met to claim the deduction, and in this case, the surrendered amount could not be considered as income from exports. Case-Laws Income Tax Fri, 22 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3367