https://www.taxtmi.com/caselaws?id=9887 The High Court of Gujarat upheld the Income-tax Appellate Tribunal's decision in favor of the assessee concerning the computation of export development allowance under section 80HHC of the Income-tax Act, 1961 for the assessment year 1986-87. The Court found that the Tribunal correctly applied the provisions of section 80HHC, leading to a higher allowance amount for the assessee. The Court dismissed the Revenue's alternative contention, affirming the Tribunal's accurate assessment of the relief calculation. Consequently, the Court ruled in favor of the assessee on both issues, disposing of the reference without costs to either party. en-us Wed, 07 Dec 2005 00:00:00 +0530 Thu, 02 Jul 2009 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9887 The High Court of Gujarat upheld the Income-tax Appellate Tribunal's decision in favor of the assessee concerning the computation of export development allowance under section 80HHC of the Income-tax Act, 1961 for the assessment year 1986-87. The Court found that the Tribunal correctly applied the provisions of section 80HHC, leading to a higher allowance amount for the assessee. The Court dismissed the Revenue's alternative contention, affirming the Tribunal's accurate assessment of the relief calculation. Consequently, the Court ruled in favor of the assessee on both issues, disposing of the reference without costs to either party. Case-Laws Income Tax Wed, 07 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9887