https://www.taxtmi.com/caselaws?id=30660 Deduction under Section 80HHC for the relevant assessment year had to be computed under the then-applicable proportional formula, by applying the ratio of export turnover to total turnover to business profits. Separate and independently earned export profits were not a prerequisite where the statute itself prescribed the method of computation for a composite business. The later amended regime relied on by the High Court was materially different and did not control the assessment year in question, so denial of the deduction on the ground of absence of separate export profits was unsustainable. en-us Wed, 03 Sep 2008 00:00:00 +0530 Wed, 15 Oct 2008 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30660 Deduction under Section 80HHC for the relevant assessment year had to be computed under the then-applicable proportional formula, by applying the ratio of export turnover to total turnover to business profits. Separate and independently earned export profits were not a prerequisite where the statute itself prescribed the method of computation for a composite business. The later amended regime relied on by the High Court was materially different and did not control the assessment year in question, so denial of the deduction on the ground of absence of separate export profits was unsustainable. Case-Laws Income Tax Wed, 03 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30660