https://www.taxtmi.com/caselaws?id=12173 Section 80HHC deduction is available only where export activity yields profits derived from export of goods or merchandise. On the facts stated, the assessee had no export profit during the relevant assessment year and had suffered a loss, so no deduction could be claimed under the provision. Section 80AB did not alter that position because the basic condition of export profit was absent. The result was that the assessee was not entitled to any deduction under section 80HHC. en-us Tue, 20 Aug 2002 00:00:00 +0530 Thu, 18 Feb 2010 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12173 Section 80HHC deduction is available only where export activity yields profits derived from export of goods or merchandise. On the facts stated, the assessee had no export profit during the relevant assessment year and had suffered a loss, so no deduction could be claimed under the provision. Section 80AB did not alter that position because the basic condition of export profit was absent. The result was that the assessee was not entitled to any deduction under section 80HHC. Case-Laws Income Tax Tue, 20 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12173