https://www.taxtmi.com/caselaws?id=57541 The Karnataka High Court partially allowed the appeal, directing the Assessing Officer to allow the deduction under Section 80HHC for the export of granite blocks. Additionally, the court ruled that the closing stock valuation should only include direct quarrying expenses, excluding other expenses not directly related to the quarrying process. en-us Mon, 19 May 1997 00:00:00 +0530 Fri, 10 Dec 2010 16:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57541 The Karnataka High Court partially allowed the appeal, directing the Assessing Officer to allow the deduction under Section 80HHC for the export of granite blocks. Additionally, the court ruled that the closing stock valuation should only include direct quarrying expenses, excluding other expenses not directly related to the quarrying process. Case-Laws Income Tax Mon, 19 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57541