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2007 (5) TMI 216 - HC - Income TaxRelief u/s 80HHA should be computed after adjusting the loss of the head office against the profit of the branch – duty drawback couldn’t be termed as profits derived hence not required to be included in income for computing deduction u/s 80HHA & 80I - cash compensatory support & profits on sale of import entitlements didn’t form part of the eligible profits for purpose of computing deductions u/s 80HHA & 80-I – liability to pay compensation are not fixed but contingent so not deductible u/s 37
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