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2017 (5) TMI 1316 - HC - Income TaxDeduction u/s 80HHC to the assessee on counter sales made to foreign tourists - Held that:- There is no dispute between the parties that the transactions of counter sales effected by the respondent involved customs clearance within the meaning of Explanation (aa) to Section 80HHC(4A) of the Act and further that the sales were in convertible foreign exchange. In these circumstances, we are of the view that the Revenue having accepted and consistently followed the position of law settled by Ram Babu's case [1996 (5) TMI 61 - ALLAHABAD High Court], particularly in the case of the assessee itself, there is no merit in this appeal.
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