https://www.taxtmi.com/caselaws?id=13548 The court ruled in favor of the Revenue, holding that the assessee was not entitled to deduction under section 80HHC for duty drawback and cash compensatory support without actual export during the relevant assessment year. The court emphasized the requirement of actual export for claiming the deduction and clarified that incentives received without export in the current year do not qualify as profits derived from export under the Income-tax Act. The decision aligned with previous case law and denied the deduction to the assessee. en-us Wed, 01 Nov 2006 00:00:00 +0530 Fri, 29 May 2009 16:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13548 The court ruled in favor of the Revenue, holding that the assessee was not entitled to deduction under section 80HHC for duty drawback and cash compensatory support without actual export during the relevant assessment year. The court emphasized the requirement of actual export for claiming the deduction and clarified that incentives received without export in the current year do not qualify as profits derived from export under the Income-tax Act. The decision aligned with previous case law and denied the deduction to the assessee. Case-Laws Income Tax Wed, 01 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13548