2001 (2) TMI 293

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..... ), Coimbatore, dt. 1st March, 2000. The issue that has been raised by the assessee is with reference to the manner of calculation of deduction under s. 80HHC of the IT Act, 1961 ('The Act' for short). The claim of the assessee is that while calculating the amount to be deducted as eligible under s. 80HHC of the Act, it is export income alone that needs to be considered and that loss from other man .....

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..... 4. The decision of the Supreme Court was rendered with reference to the deduction under s. 80P of the Act which does not contain similar provisions as in s. 80HHC of the Act. The Kerala High Court in A.V. Thomas & Co. Ltd. examined ss. 80AB and 80HHC of the Act and it was clearly held that as per the provision contained under s. 80HHC, quantification of the amount of deduction is geared to the ex .....

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