https://www.taxtmi.com/caselaws?id=15012 The Tribunal directed the Assessing Officer to recompute deductions under section 80HHC, excluding an amount from the total turnover and reducing business profits by 90% of the net premium as per the Explanation to section 80HHC. The premium received on import licences was considered export incentives compensating for exporters affected by rupee convertibility, falling under the proviso to the Explanation. The Tribunal upheld the decision, dismissing the appeal with costs. en-us Tue, 08 Aug 2000 00:00:00 +0530 Mon, 27 Jul 2009 16:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15012 The Tribunal directed the Assessing Officer to recompute deductions under section 80HHC, excluding an amount from the total turnover and reducing business profits by 90% of the net premium as per the Explanation to section 80HHC. The premium received on import licences was considered export incentives compensating for exporters affected by rupee convertibility, falling under the proviso to the Explanation. The Tribunal upheld the decision, dismissing the appeal with costs. Case-Laws Income Tax Tue, 08 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15012