https://www.taxtmi.com/caselaws?id=18459 The court ruled in favor of the Revenue and against the assessee on both issues. The judgment clarified that for the deduction under section 80HH, the net income, as computed according to the Act, is eligible, not the gross income. Additionally, the court held that cash compensatory receipts for export are to be treated as revenue receipts for taxation in light of retrospective amendments to the Income-tax Act. en-us Wed, 15 Nov 1995 00:00:00 +0530 Thu, 01 Oct 2009 11:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18459 The court ruled in favor of the Revenue and against the assessee on both issues. The judgment clarified that for the deduction under section 80HH, the net income, as computed according to the Act, is eligible, not the gross income. Additionally, the court held that cash compensatory receipts for export are to be treated as revenue receipts for taxation in light of retrospective amendments to the Income-tax Act. Case-Laws Income Tax Wed, 15 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18459