2012 (9) TMI 646

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..... business, the entitlement for deduction u/s 80HHC is not available - Decided in favor of Revenue - I.T.A.No.1571 of 2009 - - - Dated:- 9-7-2012 - MR.JUSTICE THOTTATHIL B.RADHAKRISHNAN, MR.JUSTICE K.VINOD CHANDRAN, JJ. For Appellant: SRI.P.K.R.MENON, SR.COUNSEL, GOI(TAXES), SRI.JOSE JOSEPH, SC, FOR INCOME TAX. For Respondent: SRI.E.K.NANDAKUMAR (SENIOR ADVOCATE), SRI.A.K.JAYASANKAR NAMBIA .....

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..... ction 80HHC when no profits is derived from the export of goods and merchandise? 2. The assessee being a company carrying on the business of plantation along with local trading conducts also export. For the relevant assessment years, the assessee claimed deduction under Section 80HHC, which was allowed by the Assessing Officer. Subsequently, noticing that the result of assessee's export busine .....

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