https://www.taxtmi.com/caselaws?id=423620 The High Court upheld the Tribunal's decision to exclude royalty income from business profits for the computation of deduction under section 80HHC of the Income Tax Act. The court emphasized the necessity of demonstrating a clear connection between royalty receipts and export activities to qualify for the deduction, aligning with established precedents that support the exclusion of royalty payments from business profits for tax deduction purposes. en-us Wed, 08 Jun 2022 00:00:00 +0530 Mon, 22 Aug 2022 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423620 The High Court upheld the Tribunal's decision to exclude royalty income from business profits for the computation of deduction under section 80HHC of the Income Tax Act. The court emphasized the necessity of demonstrating a clear connection between royalty receipts and export activities to qualify for the deduction, aligning with established precedents that support the exclusion of royalty payments from business profits for tax deduction purposes. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423620