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2014 (7) TMI 463 - AT - Income TaxClaim of deduction u/s 80HHC of the Act – Amended section not complied - Turnover exceeds Rupees Ten crores – Held that:- The assessee has rightly claimed deduction u/s.80HHC in accordance with judgment of M/s Topman Exports Versus Commissioner of Income Tax, Mumbai [2012 (2) TMI 100 - SUPREME COURT OF INDIA] – there is no infirmity in the order of the CIT(A) in deleting the dis-allowance made by the AO u/s.80HHC of the Act – but, for computation of deduction, it would be appropriate to remit the matter back to the AO – AO shall recompute the deduction in accordance with M/s.Avani Exports & Others Vs. CIT [2012 (7) TMI 190 - GUJARAT HIGH COURT] – Decided partly in favour of Revenue.
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