https://www.taxtmi.com/caselaws?id=33360 HC held that for computing book profits under section 115JB, export profits excluded under Explanation 1(iv) must be the deduction as available under section 80HHC after applying the restriction in section 80HHC(1B). MAT companies are entitled to the same restricted deduction as other companies; they cannot be treated differently or allowed a larger exclusion. The court found no ambiguity supporting the assessee's contrary construction, answered the legal questions against the assessee and in favour of the revenue, and allowed the appeal. en-us Thu, 07 May 2009 00:00:00 +0530 Mon, 10 Nov 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33360 HC held that for computing book profits under section 115JB, export profits excluded under Explanation 1(iv) must be the deduction as available under section 80HHC after applying the restriction in section 80HHC(1B). MAT companies are entitled to the same restricted deduction as other companies; they cannot be treated differently or allowed a larger exclusion. The court found no ambiguity supporting the assessee's contrary construction, answered the legal questions against the assessee and in favour of the revenue, and allowed the appeal. Case-Laws Income Tax Thu, 07 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33360