Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2001 (1) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (1) TMI 78 - SC - Income TaxWhether the appellant was an exporter for the purposes of s. 80HHC of the IT Act, 1961? Held that:- The logical consequence of the Tribunal's view would be that both the export house and the original manufacturer could claim to have exported the goods and be entitled to receive the foreign exchange, and both could consequently claim at different stages deductions under s. 80HHC in respect of the same amount---an outcome contrary to the language of the section itself. Thus we affirm the decision of the High Court answering the reference against the assessee and in favour of the Revenue. Against assessee.
|