1986 (5) TMI 82 - AT - Income Tax

Summary

The appeal was regarding the deduction under section 80HHC for export of jewelry by the assessee. The claim was rejected as the business was done by a firm in the previous year and by the assessee as a proprietor in the current year. The Tribunal held that the claim could only be given to the business entity, not the individual, as the turnover comparison must be of the same person for two years. Since the firm and the individual assessee are separate entities, the claim was dismissed.