https://www.taxtmi.com/caselaws?id=330713 The Court ruled in favor of the assessee, upholding the Tribunal's decision regarding the interpretation of Section 80HHC of the Income Tax Act. The Court emphasized the consideration of net profits and losses in export businesses, granting the benefit of the provision if there is a net profit after adjusting losses. As the supporting manufacturer incurred a loss, the Court dismissed the revenue's claim and upheld the Tribunal's decision, ultimately dismissing the Tax Appeal. en-us Fri, 08 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 11:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330713 The Court ruled in favor of the assessee, upholding the Tribunal's decision regarding the interpretation of Section 80HHC of the Income Tax Act. The Court emphasized the consideration of net profits and losses in export businesses, granting the benefit of the provision if there is a net profit after adjusting losses. As the supporting manufacturer incurred a loss, the Court dismissed the revenue's claim and upheld the Tribunal's decision, ultimately dismissing the Tax Appeal. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330713