https://www.taxtmi.com/caselaws?id=58019 The Tribunal upheld the Commissioner (Appeals)'s decision to allow the deduction under section 80HHC for counter sales made to foreign tourists, considering them as export sales. The Tribunal emphasized that the objective of section 80HHC is to encourage the inflow of convertible foreign exchange, and the sales to foreign tourists met the conditions of export sales as they were intended to be taken out of India and fulfilled the obligations under the Foreign Exchange Regulations Act. The Tribunal referred to relevant laws and explanatory notes to support its decision, concluding that the assessee was entitled to the deduction for the counter sales. en-us Tue, 31 Dec 1991 00:00:00 +0530 Wed, 15 Dec 2010 18:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58019 The Tribunal upheld the Commissioner (Appeals)'s decision to allow the deduction under section 80HHC for counter sales made to foreign tourists, considering them as export sales. The Tribunal emphasized that the objective of section 80HHC is to encourage the inflow of convertible foreign exchange, and the sales to foreign tourists met the conditions of export sales as they were intended to be taken out of India and fulfilled the obligations under the Foreign Exchange Regulations Act. The Tribunal referred to relevant laws and explanatory notes to support its decision, concluding that the assessee was entitled to the deduction for the counter sales. Case-Laws Income Tax Tue, 31 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58019