https://www.taxtmi.com/caselaws?id=31085 The High Court of Karnataka ruled against the assessee in a case involving the interpretation of section 80HHC of the Income-tax Act, 1961. The court held that the assessee, who did not make any profit from the export of computers and peripherals, was not entitled to the deduction under section 80HHC. Referring to a Supreme Court decision, the High Court emphasized that profits from both self-manufactured goods and trading goods must be considered for the deduction. The court concluded that the Tribunal erred in allowing the deduction and ruled in favor of the Revenue, denying the deduction to the assessee. en-us Tue, 18 Apr 2006 00:00:00 +0530 Thu, 16 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31085 The High Court of Karnataka ruled against the assessee in a case involving the interpretation of section 80HHC of the Income-tax Act, 1961. The court held that the assessee, who did not make any profit from the export of computers and peripherals, was not entitled to the deduction under section 80HHC. Referring to a Supreme Court decision, the High Court emphasized that profits from both self-manufactured goods and trading goods must be considered for the deduction. The court concluded that the Tribunal erred in allowing the deduction and ruled in favor of the Revenue, denying the deduction to the assessee. Case-Laws Income Tax Tue, 18 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31085