https://www.taxtmi.com/caselaws?id=347182 The High Court upheld the exclusion of sale of scrap from 'profits of the business' for deduction under Section 80HHC. The Court referred to a Supreme Court judgment emphasizing export promotion. The matter was remanded for fresh assessment. In the penalty appeal, the Court ordered reconsideration by the Assessing Officer following the quantum appeal decision. Both appeals were remanded for fresh consideration in accordance with the law. en-us Thu, 03 Aug 2017 00:00:00 +0530 Wed, 30 Aug 2017 17:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347182 The High Court upheld the exclusion of sale of scrap from 'profits of the business' for deduction under Section 80HHC. The Court referred to a Supreme Court judgment emphasizing export promotion. The matter was remanded for fresh assessment. In the penalty appeal, the Court ordered reconsideration by the Assessing Officer following the quantum appeal decision. Both appeals were remanded for fresh consideration in accordance with the law. Case-Laws Income Tax Thu, 03 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347182