https://www.taxtmi.com/caselaws?id=346559 The High Court ruled in favor of the assessee in an appeal regarding deductions under Section 80HHC for the assessment year 2000-2001. The Court held that 90% of written back provisions and liabilities, related to export activities, qualified for deduction under Section 80HHC. It was determined that these amounts should not be excluded from business income for the deduction. Additionally, the Court confirmed the jurisdiction of the Commissioner of Income Tax and Tribunal to consider rectification on merits, upholding the assessee's entitlement to the deduction under Section 80HHC. The appeal by the Revenue was dismissed. en-us Thu, 03 Aug 2017 00:00:00 +0530 Fri, 18 Aug 2017 08:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346559 The High Court ruled in favor of the assessee in an appeal regarding deductions under Section 80HHC for the assessment year 2000-2001. The Court held that 90% of written back provisions and liabilities, related to export activities, qualified for deduction under Section 80HHC. It was determined that these amounts should not be excluded from business income for the deduction. Additionally, the Court confirmed the jurisdiction of the Commissioner of Income Tax and Tribunal to consider rectification on merits, upholding the assessee's entitlement to the deduction under Section 80HHC. The appeal by the Revenue was dismissed. Case-Laws Income Tax Thu, 03 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346559