https://www.taxtmi.com/caselaws?id=15777 The court upheld the validity of Circular No. 693, clarifying requirements for claiming deduction u/s 80HHC. Adjustments made under section 143(1)(a) were deemed illegal, directing reassessment. Subsequent Circular No. 729 was applied retrospectively, allowing deduction for export of granite blocks. The assessee was granted deductions for various assessment years, with the court ruling in favor of the assessee and against the Revenue, affirming entitlement to deductions u/s 80HHC for exporting "cut and polished" granite blocks. en-us Sat, 31 Jul 1999 00:00:00 +0530 Wed, 22 Aug 2018 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15777 The court upheld the validity of Circular No. 693, clarifying requirements for claiming deduction u/s 80HHC. Adjustments made under section 143(1)(a) were deemed illegal, directing reassessment. Subsequent Circular No. 729 was applied retrospectively, allowing deduction for export of granite blocks. The assessee was granted deductions for various assessment years, with the court ruling in favor of the assessee and against the Revenue, affirming entitlement to deductions u/s 80HHC for exporting "cut and polished" granite blocks. Case-Laws Income Tax Sat, 31 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15777