DETERMINATION OF QUANTUM OF DEDUCTION UNDER SECTION 80HHC OF


Last updated: 18 September 2008

Court :
SUPREME COURT OF INDIA

Brief :
The head note to section 80HHC refers to deduction in respect of profits retained for export business, it is not profits retained from export business; in the matter of determining the quantum of deduction, under section 80HHC(3) the “principle of proportionality” applies, the entire object of which is to derive export profits from total business profits

Citation :
Mysodet (P.) Ltd. v. CIT CIVIL APPEAL NO. 5475 OF 2008 September 3, 2008

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CHEZHIYAN
Published in Income Tax
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