https://www.taxtmi.com/caselaws?id=20664 The court held that "granite" is considered a mineral for the purposes of section 80HHC of the Income-tax Act, 1961. As such, the assessee is not entitled to the claimed allowance under section 80HHC for exporting granite from India. The court emphasized the broader context and purpose of the provision to prevent the export of natural wealth directly obtained from the earth. The decision favored the Revenue, denying the allowance to the assessee. en-us Wed, 28 Jul 1993 00:00:00 +0530 Mon, 07 Mar 2016 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20664 The court held that "granite" is considered a mineral for the purposes of section 80HHC of the Income-tax Act, 1961. As such, the assessee is not entitled to the claimed allowance under section 80HHC for exporting granite from India. The court emphasized the broader context and purpose of the provision to prevent the export of natural wealth directly obtained from the earth. The decision favored the Revenue, denying the allowance to the assessee. Case-Laws Income Tax Wed, 28 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20664