9911796707
TMI Blog2014 (5) TMI 597X X X X Extracts X X X X X X X X Extracts X X X X ..... Mr. Arijit Prasad, Adv. Ms. Reena Singh, Adv. Mrs. Anil Katiyar, Adv. ORDER Delay is condoned in filing special leave petition. 2. Leave granted. 3. Learned counsel for the parties are ad idem that the controversy raised in the present matter is squarely covered by the decision of this Court in Topman Exports Vs. Commissioner of Income-Tax (2012) 3 SCC 593. 4. In Topman Exports (2012) 3 SCC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ores, he does not get the benefit of addition of ninety per cent of export incentive under clause (iiid) of Section 28 to his export profits, but he gets a higher figure of profits of the business, which ultimately results in computation of a bigger export profit. The High Court, therefore, was not right in coming to the conclusion that as the assessee did have the export turnover exceeding Rs.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 80HHC on export profits, the benefit of such deduction cannot be denied to the assessee. The impugned judgment and orders of the Bombay High Court are accordingly set-aside. The appeals are allowed to the extent indicated in this judgment. The Assessing Officer is directed to compute the deduction under Section 80HHC in the case of the appellants in accordance with this judgment...." 5. Impug ..... X X X X Extracts X X X X X X X X Extracts X X X X
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