Provisions of section 80HHC of the Income-tax Act, 1961-Clarification regarding

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..... company) who is resident in India, exports out of India during the previous year, any goods or merchandise to which this section applies, will be allowed deduction of an amount, not exceeding 50% of the profits derived by the assessee from the export of such goods or merchandise. The proviso to this section lays down that an amount equal to the amount of the deduction claimed should be debited to .....

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