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2005 (8) TMI 32 - SCH - Income TaxWhether the loss suffered in the export of trading goods can be adjusted against the profit obtained from the export of owned goods - s. 80HHC makes it clear that in arriving at the profits earned from export of both self-manufactured goods and trading goods, the profits & losses in both the trades have to be taken into consideration. If after such adjustments, there is a positive profit, the assessee would be entitled to deduction u/s 80HHC(1)
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