https://www.taxtmi.com/caselaws?id=59707 The Tribunal upheld the CIT(A)'s decision to deny the deduction under Section 80HHC of the IT Act to the assessee, who claimed the deduction based on counter sales to foreign tourists in convertible foreign exchange. The Tribunal emphasized the necessity of customs clearance for such transactions to qualify as exports, stating that mere declarations by foreign tourists were insufficient. As the assessee failed to provide evidence of customs clearance, the deduction was denied, and the appeal was dismissed. en-us Fri, 22 Feb 2008 00:00:00 +0530 Wed, 12 Jun 2013 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59707 The Tribunal upheld the CIT(A)'s decision to deny the deduction under Section 80HHC of the IT Act to the assessee, who claimed the deduction based on counter sales to foreign tourists in convertible foreign exchange. The Tribunal emphasized the necessity of customs clearance for such transactions to qualify as exports, stating that mere declarations by foreign tourists were insufficient. As the assessee failed to provide evidence of customs clearance, the deduction was denied, and the appeal was dismissed. Case-Laws Income Tax Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59707