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2009 (11) TMI 71 - PUNJAB AND HARYANA HIGH COURTNon allowance of export incentives u/s 80HHC – appropriation of 10% of expenses against the export incentive – held that – CIT(A) and ITAT deleted the addition of Rs. 3,66,343/- on account of deduction u/s 80HHC by allowing the deduction of 10% of export incentive in addition to the direct expenses and indirect expenses while calculating profits of the business u/s 80HHC (3) (b) – Held that – in view of Supreme Court Decision in the matter in Hero Exports vs. Commissioner of Income Tax [2008 -TMI - 2470 - Supreme Court of India] the decision of ITAT to be maintained - that the benefit of cost not related to export turnover can be deducted from income from export incentives
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