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2005 (7) TMI 65 - HC - Income TaxRelief under section 80HHC - incentives received by the assessee - export turnover - foreign exchange realizations - "1. Whether the Tribunal was justified in law in holding that incentives received by the assessee are part of the export turnover and therefore entitled to relief under section 80HHC despite the foreign exchange realizations being nil?" – such amount has been paid by the Government to the applicant under the 'export promotion policy' of the Government of India and therefore, it will not form part of the export turnover and deduction under section 80HHC is not available on such portion of the income – therefore it is held that the incentive received by the respondent-assessee shall not form part of the export turnover and therefore, not entitled to relief under section 80HHC
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