https://www.taxtmi.com/caselaws?id=22584 The High Court ruled in favor of the assessee, allowing relief under section 80HH for the income from the sale of import licences and incentives for export. The court emphasized that legislative changes had made such income eligible for benefits under section 80HH, despite earlier decisions to the contrary, and applied the law as it stood at the relevant time. The court rejected the Revenue's arguments and concluded that the income from the sale of import licences qualified for relief under section 80HH. en-us Thu, 22 Nov 1990 00:00:00 +0530 Fri, 11 Dec 2009 12:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22584 The High Court ruled in favor of the assessee, allowing relief under section 80HH for the income from the sale of import licences and incentives for export. The court emphasized that legislative changes had made such income eligible for benefits under section 80HH, despite earlier decisions to the contrary, and applied the law as it stood at the relevant time. The court rejected the Revenue's arguments and concluded that the income from the sale of import licences qualified for relief under section 80HH. Case-Laws Income Tax Thu, 22 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22584