https://www.taxtmi.com/caselaws?id=55336 The Tribunal partly allowed the appeal by the 100% Export Trading Company, directing a revised computation for deductions under section 80HHC. It emphasized a fair allocation of indirect expenses, resulting in a final income figure eligible for the deduction. The Tribunal's decision focused on adhering to statutory provisions and ensuring a reasonable allocation of expenses based on total receipts to export turnover, ultimately adjusting the deduction amount from the initial claims made by the assessee and determined by the Assessing Officer. en-us Thu, 29 Jul 2004 00:00:00 +0530 Thu, 25 Nov 2010 16:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55336 The Tribunal partly allowed the appeal by the 100% Export Trading Company, directing a revised computation for deductions under section 80HHC. It emphasized a fair allocation of indirect expenses, resulting in a final income figure eligible for the deduction. The Tribunal's decision focused on adhering to statutory provisions and ensuring a reasonable allocation of expenses based on total receipts to export turnover, ultimately adjusting the deduction amount from the initial claims made by the assessee and determined by the Assessing Officer. Case-Laws Income Tax Thu, 29 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55336