https://www.taxtmi.com/caselaws?id=57447 Section 80HHC was interpreted in its statutory and commercial context to determine whether granite exported from quarrying operations qualified for deduction or fell within the exclusion for minerals. The Tribunal rejected a narrow scientific approach and treated the term "minerals" in a broader commercial sense, taking account of the status of granite as a minor mineral under relevant mining legislation and prior judicial interpretation. The method of extraction by quarrying, rather than conventional mining, was held not to be decisive. Granite was therefore treated as a mineral excluded from the deduction, and the relief claim failed. en-us Fri, 08 Jun 1990 00:00:00 +0530 Fri, 10 Dec 2010 12:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57447 Section 80HHC was interpreted in its statutory and commercial context to determine whether granite exported from quarrying operations qualified for deduction or fell within the exclusion for minerals. The Tribunal rejected a narrow scientific approach and treated the term "minerals" in a broader commercial sense, taking account of the status of granite as a minor mineral under relevant mining legislation and prior judicial interpretation. The method of extraction by quarrying, rather than conventional mining, was held not to be decisive. Granite was therefore treated as a mineral excluded from the deduction, and the relief claim failed. Case-Laws Income Tax Fri, 08 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57447