https://www.taxtmi.com/highlights?id=73243 Export income - The expressions “derived from” and “since” are used in multiple instances in the Act. - Deduction u/s 80HHC - Unless the context does not permit, the construction of the expression “derived from” must be consistent. - The strict interpretation is in line with a few relative words, namely, manufacturer, exporter, purchaser of goods, etc. adverted to in Section 80HHC - Including other income as an eligible deduction would be counter-productive to the scope, purpose, and object of Section 80 HHC - Appeal of the assessee dismissed - SC en-us Sat, 25 Nov 2023 12:01:05 +0530 Sun, 26 Nov 2023 20:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73243 Export income - The expressions “derived from” and “since” are used in multiple instances in the Act. - Deduction u/s 80HHC - Unless the context does not permit, the construction of the expression “derived from” must be consistent. - The strict interpretation is in line with a few relative words, namely, manufacturer, exporter, purchaser of goods, etc. adverted to in Section 80HHC - Including other income as an eligible deduction would be counter-productive to the scope, purpose, and object of Section 80 HHC - Appeal of the assessee dismissed - SC Highlights Income Tax Sat, 25 Nov 2023 12:01:05 +0530 https://www.taxtmi.com/highlights?id=73243