https://www.taxtmi.com/caselaws?id=11199 The High Court ruled in favor of the Revenue, upholding the application of section 80HHC(3)(b) for computing profits from export business in cases involving both export and local sales of goods. The court clarified that when an assessee is engaged in mixed business activities, clause (b) of sub-section (3) of section 80HHC applies, requiring consideration of turnover from all business activities for profit calculation. en-us Wed, 09 Jul 2003 00:00:00 +0530 Sat, 01 Aug 2009 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11199 The High Court ruled in favor of the Revenue, upholding the application of section 80HHC(3)(b) for computing profits from export business in cases involving both export and local sales of goods. The court clarified that when an assessee is engaged in mixed business activities, clause (b) of sub-section (3) of section 80HHC applies, requiring consideration of turnover from all business activities for profit calculation. Case-Laws Income Tax Wed, 09 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11199