https://www.taxtmi.com/caselaws?id=795840 For computing the Section 80HHC deduction, Explanation (baa) requires exclusion of 90% only of interest, job-work charges and similar receipts included in business profits. Where expenditure incurred to earn such receipts is allowable in computing business income, it cannot be included in the amount excluded. The netting principle therefore applies: only net eligible interest and job-work receipts are reduced when determining eligible export profits, requiring recomputation of the deduction on that basis. en-us Wed, 15 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795840 For computing the Section 80HHC deduction, Explanation (baa) requires exclusion of 90% only of interest, job-work charges and similar receipts included in business profits. Where expenditure incurred to earn such receipts is allowable in computing business income, it cannot be included in the amount excluded. The netting principle therefore applies: only net eligible interest and job-work receipts are reduced when determining eligible export profits, requiring recomputation of the deduction on that basis. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795840