https://www.taxtmi.com/caselaws?id=58904 The Tribunal ruled in favor of the appellant, holding that sales to foreign tourists in foreign currency, treated as 'deemed exports' under the Import & Export policy, qualify for deduction under Section 80HHC. The Tribunal emphasized the purpose of encouraging exports and earning foreign exchange, finding no material difference between the old and amended Section 80HHC regarding "exports out of India." The assessee was entitled to the deduction for such sales, consistent with previous decisions. The appeal was allowed, directing the Assessing Officer to treat sales in foreign currency in India as exports for the purpose of deduction under Section 80HHC. en-us Fri, 04 Oct 1991 00:00:00 +0530 Wed, 22 Dec 2010 17:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58904 The Tribunal ruled in favor of the appellant, holding that sales to foreign tourists in foreign currency, treated as 'deemed exports' under the Import & Export policy, qualify for deduction under Section 80HHC. The Tribunal emphasized the purpose of encouraging exports and earning foreign exchange, finding no material difference between the old and amended Section 80HHC regarding "exports out of India." The assessee was entitled to the deduction for such sales, consistent with previous decisions. The appeal was allowed, directing the Assessing Officer to treat sales in foreign currency in India as exports for the purpose of deduction under Section 80HHC. Case-Laws Income Tax Fri, 04 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58904