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2013 (12) TMI 408 - AT - Income TaxDeduction u/s 80HHC – Held that:- Following Vijaya Silk House (Bangalore) Ltd. & Others [2012 (9) TMI 263 - BOMBAY HIGH COURT] – In view of retrospective amendment to Proviso to section 80HHc and section 28(iiid) - The profits computed u/s 80HHC(3) has to be further increased by the amount which bears to 90% of any sum referred to in clause (iiid) of section 28, the same proportion as the export turnover bears to the total turnover of the business carried on by the assessee - The assessee having export turnover not exceeding Rs.10 crores during the year under consideration, is entitled for deduction u/s 80HHC in respect of DEPB profits as claimed in the return of income - Decided against Revenue.
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