https://www.taxtmi.com/caselaws?id=33212 The High Court dismissed the appeal, ruling that deduction under Section 80HHC is only available for positive profits from export activities. The court emphasized that losses cannot be considered for the deduction and referenced Circular No.636 dated August 31, 1992. The judgment highlighted the importance of interpreting the section strictly according to its language, without extending benefits beyond what is explicitly provided. en-us Mon, 06 Apr 2009 00:00:00 +0530 Mon, 20 Sep 2010 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33212 The High Court dismissed the appeal, ruling that deduction under Section 80HHC is only available for positive profits from export activities. The court emphasized that losses cannot be considered for the deduction and referenced Circular No.636 dated August 31, 1992. The judgment highlighted the importance of interpreting the section strictly according to its language, without extending benefits beyond what is explicitly provided. Case-Laws Income Tax Mon, 06 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33212