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2009 (5) TMI 7 - HC - Income TaxWhether for calculating book profit u/s 115 JB under Explanation 1 sub clause (iv) the export profits to be excluded from the book profits would be the export profits allowed as a deduction u/s. 80 HHC after restricting the deduction u/s 80 HHC(1B) OR the export profits calculated as per s.s. 3 and 3A of section 80 HHC before applying the restriction - questions of law as farmed will have to be answered in the negative in favour of the revenue and against the assessee – held taht the MAT company are entitled to the same deduction of export profits u/s 80HHC as any other company involved in export in terms of section 80 HHC (1B)
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