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2011 (9) TMI 639 - CALCUTTA HIGH COURTDeduction u/s 80HHC - Supreme Court in the case of IPCA Laboratory Ltd. v. Dy. CIT [2004 -TMI - 6141 - SUPREME Court, wherein the term "profit" in Section 80HHC, both in sub-section (1) and in sub-section (3) was held to be a positive profit worked out after taking into consideration losses if any - Held that: the total export turnover and the total turnover of the assessee from all the business are required to be taken note of apart from the profit from all the businesses - Decided against the assessee
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