https://www.taxtmi.com/caselaws?id=59491 The Tribunal upheld the CIT(A)'s order that only income derived from export business qualifies for deduction under Section 80HHC. Sales treated as local sales were not considered export turnover. The treatment of export incentives and margin money as local sales was affirmed. The inclusion of certain incomes in business income for deduction purposes was remanded back to the AO for reconsideration. The appeal of the assessee was allowed in part, and the Revenue's appeal was allowed for statistical purposes. en-us Wed, 08 Mar 2006 00:00:00 +0530 Tue, 17 Jul 2012 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59491 The Tribunal upheld the CIT(A)'s order that only income derived from export business qualifies for deduction under Section 80HHC. Sales treated as local sales were not considered export turnover. The treatment of export incentives and margin money as local sales was affirmed. The inclusion of certain incomes in business income for deduction purposes was remanded back to the AO for reconsideration. The appeal of the assessee was allowed in part, and the Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 08 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59491