https://www.taxtmi.com/caselaws?id=191715 The Tribunal upheld the CIT(A)'s decision to disallow the deduction under Section 80HHC due to a net loss from export activities, emphasizing that the deduction is only available on the net result of both manufacturing and trading export activities. Additionally, the Tribunal supported the CIT(A)'s reduction of the deduction under Section 80-IA, stating that the method applied in previous years was consistent and valid. The appeal was dismissed, highlighting the significance of adhering to clear statutory language and correctly applying provisions of the Income Tax Act. en-us Fri, 29 Dec 2000 00:00:00 +0530 Fri, 14 Apr 2017 14:33:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191715 The Tribunal upheld the CIT(A)'s decision to disallow the deduction under Section 80HHC due to a net loss from export activities, emphasizing that the deduction is only available on the net result of both manufacturing and trading export activities. Additionally, the Tribunal supported the CIT(A)'s reduction of the deduction under Section 80-IA, stating that the method applied in previous years was consistent and valid. The appeal was dismissed, highlighting the significance of adhering to clear statutory language and correctly applying provisions of the Income Tax Act. Case-Laws Income Tax Fri, 29 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191715