2010 (8) TMI 97

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....he appellant. ADARSH KUMAR GOEL, J. 1. The assessee has preferred this appeal under Section 260A of the Income Tax Act, 1961 (in short "the Act") against the order dated 3.4.2007 passed by the Income Tax Appellate Tribunal, Delhi Bench, New Delhi (hereinafter referred to as "the Tribunal") in ITA No. 3478/Del/2005 for the assessment year 1999-2000, proposing to raise following substantial questi....

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....elated to export income. 3. We have heard learned counsel for the appellant. 4. The Tribunal held as under:- "The assessee is an exporter claimed deduction u/s 80HHC in respect of business profit but has not deducted 90% of the interest receipt from the business profit as per clause (baa) of Explanation to section 80HHC. It was claimed by the assessee that there is no net debit balance in the i....