2004 (11) TMI 72

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eld that the special deduction is available under section 80HHC of the Act in respect of counter sale made to foreign tourists against foreign exchange which goods subsequently are taken by the foreign tourists outside India - In this view of the matter, we answer the question referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue. - - - - - Dated:- 24-11-2004 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... precious stones. It had effected sales of various goods to foreign customers at its counter against foreign exchange which the foreign customers had taken them outside India. The respondent claimed special deduction under section 80HHC of the Act. It was disallowed by the Income-tax Officer but was allowed by the Commissioner of Income-tax (Appeals) which order has been upheld by the Tribunal. H .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X