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2008 (2) TMI 385 - HC - Income TaxClaim for special deduction u/s 80HHC - Supreme Court in the case of A. M. Moosa, observed that word ‘profit’ in section 80HHC(1) and (3) of the Income-tax Act, 1961, means a positive profit – therefore, Tribunal was not correct in holding that the negative export profits should be ignored when aggregating the total turnover including other exports in view of the specific definition adduced in section 80HHC r.w.s. 80AB for the purpose of computing deduction u/s 80HHC
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