https://www.taxtmi.com/caselaws?id=4565 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the deduction under Section 80HHC of the Income Tax Act. The court emphasized the importance of maintaining separate accounts for domestic and export transactions. As the assessee maintained separate accounts and the deduction claimed was entirely due to exports, the court ruled in favor of allowing the full deduction on export profits under Section 80HHC. The court dismissed the appeal, affirming that the Tribunal's decision was correct based on precedents and the separate accounting maintained by the assessee. en-us Mon, 04 Feb 2008 00:00:00 +0530 Mon, 25 Aug 2008 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4565 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the deduction under Section 80HHC of the Income Tax Act. The court emphasized the importance of maintaining separate accounts for domestic and export transactions. As the assessee maintained separate accounts and the deduction claimed was entirely due to exports, the court ruled in favor of allowing the full deduction on export profits under Section 80HHC. The court dismissed the appeal, affirming that the Tribunal's decision was correct based on precedents and the separate accounting maintained by the assessee. Case-Laws Income Tax Mon, 04 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4565