https://www.taxtmi.com/caselaws?id=14787 The court held that labour commission/indenting commission was not includible in business profits for claiming deduction u/s 80HHC, ruling in favor of the Department. Regarding taxation of export reserves transferred to partners' capital account, the court agreed with the Tribunal that the transferred reserves were not taxable as income for the relevant assessment year. Emphasizing the absence of specific provisions mandating a permanent statutory reserve, the court found no breach in transferring reserves, distinguishing between sections 80HHC and 80HHD. The appeal was partly allowed with no order as to costs. en-us Tue, 01 Aug 2000 00:00:00 +0530 Sat, 18 Jul 2009 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14787 The court held that labour commission/indenting commission was not includible in business profits for claiming deduction u/s 80HHC, ruling in favor of the Department. Regarding taxation of export reserves transferred to partners' capital account, the court agreed with the Tribunal that the transferred reserves were not taxable as income for the relevant assessment year. Emphasizing the absence of specific provisions mandating a permanent statutory reserve, the court found no breach in transferring reserves, distinguishing between sections 80HHC and 80HHD. The appeal was partly allowed with no order as to costs. Case-Laws Income Tax Tue, 01 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14787