https://www.taxtmi.com/caselaws?id=10467 The High Court ruled in favor of the Revenue, denying the assessee the deduction under section 80HHC for losses in export business and rejecting exemption for income from commission and brokerage for procuring export contracts for other exporters. The court emphasized that profits derived from export should be positive after considering losses, and clarified that income from procuring export contracts for other exporters should not be exempt under section 80HHC to avoid double benefits. en-us Tue, 18 May 2004 00:00:00 +0530 Thu, 16 Jul 2009 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10467 The High Court ruled in favor of the Revenue, denying the assessee the deduction under section 80HHC for losses in export business and rejecting exemption for income from commission and brokerage for procuring export contracts for other exporters. The court emphasized that profits derived from export should be positive after considering losses, and clarified that income from procuring export contracts for other exporters should not be exempt under section 80HHC to avoid double benefits. Case-Laws Income Tax Tue, 18 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10467