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2011 (7) TMI 169 - MADRAS HIGH COURTBenefit of Section 80HHC - Loss making unit -Held that:- the word "profit" in sub sections (1) and 3(1) and (b) of section 80HHC of the Act refers to positive profit - Thus, where there is a loss, no deduction would be available under Section (1) or sub-Section (3)(a) or sub-section (3)(b) of Section 80HHC of the Act - Thus, deduction under Section 80HHC can be permitted under Section 80HHC (1) only if there is a positive profit in exports and if the net figure is negative, the assessee could not sustain its claim under Section 80HHC of the Act - Decided against of assessee.
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