https://www.taxtmi.com/caselaws?id=9722 The High Court of Madras ruled that the assessee, involved in manufacturing and exporting granites, was not eligible for a deduction under section 80HHC of the Income-tax Act, 1961. The court held that "cut and polished" granite falls under the exclusionary clause covering minerals, and the benefit of the deduction was only available for value-added exported granites from a specific date. Consequently, the court set aside the Tribunal's decision, sided with the Revenue, and allowed the appeal without costs. en-us Wed, 22 Feb 2006 00:00:00 +0530 Mon, 29 Jun 2009 19:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9722 The High Court of Madras ruled that the assessee, involved in manufacturing and exporting granites, was not eligible for a deduction under section 80HHC of the Income-tax Act, 1961. The court held that "cut and polished" granite falls under the exclusionary clause covering minerals, and the benefit of the deduction was only available for value-added exported granites from a specific date. Consequently, the court set aside the Tribunal's decision, sided with the Revenue, and allowed the appeal without costs. Case-Laws Income Tax Wed, 22 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9722