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2013 (10) TMI 367 - GUJARAT HIGH COURTDeduction of eligible profit u/s 80HHC of the Income Tax Act - Submitted by the assessee in the letter that in the assessment order entire export profit was required to be reduced from the book profit and the deduction could not have been restricted to the extent of 30% as provided in sub-section (1B) of section 80HHC of the Act – Held that:- Claim of the assessee was genuine and acceptable on merits - A.O. Himself has stated in the assessment order that although the claim of the assessee is genuine - There is no dispute that the claim of the assessee is genuine and is in accordance with the judgment of Hon'ble Apex Court rendered in the case of Ajanta Pharma Ltd [2010 (9) TMI 8 - SUPREME COURT] – Decided against the Revenue.
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