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2012 (9) TMI 646 - KERALA HIGH COURTDeduction u/s 80HHC when loss is derived from the export of goods and merchandise - Held that:- Issue is no longer res integra. Supreme Court in IPCA Laboratories Ltd. vs. DCIT (2004 (3) TMI 9 - SUPREME COURT ) held that on an assessee suffering net loss in export business, the entitlement for deduction u/s 80HHC is not available - Decided in favor of Revenue
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