https://www.taxtmi.com/caselaws?id=10623 The court ruled in favor of the assessee, a partnership firm, in a case concerning the interpretation of Section 80HHC(1)(b) of the Income-tax Act, 1961. The court held that the additional deduction under Clause (b) is available based on the increase in the turnover of specific items, even if there is a decline in the overall export turnover. The court emphasized that the legislative intent is to reward exporters for enhancing the export turnover of particular items, not the total export turnover. The decision favored the assessee and rejected the Revenue's argument, aligning with the assessee's claim for the additional deduction. en-us Wed, 16 Feb 2005 00:00:00 +0530 Mon, 20 Jul 2009 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10623 The court ruled in favor of the assessee, a partnership firm, in a case concerning the interpretation of Section 80HHC(1)(b) of the Income-tax Act, 1961. The court held that the additional deduction under Clause (b) is available based on the increase in the turnover of specific items, even if there is a decline in the overall export turnover. The court emphasized that the legislative intent is to reward exporters for enhancing the export turnover of particular items, not the total export turnover. The decision favored the assessee and rejected the Revenue's argument, aligning with the assessee's claim for the additional deduction. Case-Laws Income Tax Wed, 16 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10623