https://www.taxtmi.com/caselaws?id=18248 Explanation (aa) to section 80HHC of the Income-tax Act was upheld as constitutionally valid because it was a fiscal anti-abuse measure designed to prevent misuse of export benefits and to close statutory loopholes. On interpretation, the provision was read to treat a transaction as not being an export out of India only where the relevant customs clearance requirement is absent in the transaction itself; customs clearance by either the seller or the purchaser was sufficient. The broader construction was accepted, while the narrower departmental view was rejected. en-us Fri, 17 May 1996 00:00:00 +0530 Tue, 29 Sep 2009 16:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18248 Explanation (aa) to section 80HHC of the Income-tax Act was upheld as constitutionally valid because it was a fiscal anti-abuse measure designed to prevent misuse of export benefits and to close statutory loopholes. On interpretation, the provision was read to treat a transaction as not being an export out of India only where the relevant customs clearance requirement is absent in the transaction itself; customs clearance by either the seller or the purchaser was sufficient. The broader construction was accepted, while the narrower departmental view was rejected. Case-Laws Income Tax Fri, 17 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18248