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2004 (5) TMI 26 - HC - Income TaxDeduction under section 80HHC - "1. Whether, Tribunal was right in law in holding that the assessee is entitled to deduction under section 80HHC even though the export business resulted in a loss of Rs. 6,372? 2. Whether, Tribunal is right in law in holding that commission and brokerage for procuring export contracts for other exporters is exempt under section 80HHC on the ground that the same is export profits?" - We answer both the questions raised in the negative and in favour of the Revenue.
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