1984 (6) TMI 41 - KARNATAKA HIGH COURT

Extract:
.......the view taken in Hindustan Lever s case 1980 121 ITR 951. We are firmly of the opinion that the assessee is not entitled to relief under s. 80HH in respect of the profits and gains derived from the sale of import entitlements and we answer the question in the affirmative and against the assessee. In the circumstances, we make no order as to costs.