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2009 (5) TMI 574 - HC - Income TaxDeduction for export profit under section 80HHC - Section 80-IB(13) read with section 80-IA(9) of the Act - Held that: - the assessee will not be entitled to claim deductions both under section 80-IB and under section 80HHC of the Act – Computing the Deduction under section 80HHC deduction granted under section 80-IB cannot be reckoned or has to be excluded - Appeal on this issue is rejected . Supporting manufacturer - Held that: - in view of the decision of the Supreme Court in Janatha Cashew Exporting Co. v. CIT (2007 -TMI - 32545 - SUPREME COURT), the assessee is entitled to deduction of export profit arising from export of goods made through export houses the assessee acting as supporting manufacturer - Assessment on this does not warrant any modification - The assessee's claim for determination of deduction before excluding carry forward or set off loss is concerned - Appeal is partly disposed in favour of assessee.
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