https://www.taxtmi.com/caselaws?id=5172 SC allowed the appeal and set aside the High Court judgment, holding that s.80HHC was enacted to incentivize export houses and must be liberally construed once applicability is established. The phrase "income arising out of business of export" includes export of trading goods as well as manufactured or processed goods, and Parliament intended the incentive where a positive profit is earned by an exporter. Consequently the deduction in dispute (commission/brokerage for procuring export contracts) falls within s.80HHC. en-us Tue, 18 Jul 2006 00:00:00 +0530 Thu, 18 Sep 2025 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5172 SC allowed the appeal and set aside the High Court judgment, holding that s.80HHC was enacted to incentivize export houses and must be liberally construed once applicability is established. The phrase "income arising out of business of export" includes export of trading goods as well as manufactured or processed goods, and Parliament intended the incentive where a positive profit is earned by an exporter. Consequently the deduction in dispute (commission/brokerage for procuring export contracts) falls within s.80HHC. Case-Laws Income Tax Tue, 18 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5172