1986 (5) TMI 82

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....l Tak, carrying on the business of export of jewellery is entitled to a deduction @ 5 per cent of the exports under s. 80HHC or not. 2. The assessee did not turn up at the hearing even though the notice was served by Registered A.D. and, therefore, we have heard the case ex parte and after hearing the ld. departmental representative. 3. The ld. departmental representative, Mr. Meena submitte....

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....80 HHC envisages two categories of deduction to a person, viz: (a) 1 per cent of the export turnover, and; (b) of the such export turnover, which is in excess of the figure of the preceding year. The present claim is for the second catagory. To get this benefit the following conditions have been laid down in the s. 80HHC; (i) The claim has to be by one and the same person for the two y....