2008 (2) TMI 407

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..... tation has to be given to such a provision, interpretation has to be as per the wording of the section. If the wording of the section is clear, then the benefits which are not available under the section can not be conferred by ignoring or misinterpreting words in the section - negative export profits can not be ignored when aggregating the total turnover including other export by not taking into .....

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..... of law has been formulated in this appeal. "Whether the Tribunal was correct in holding that the negative export profits should be ignored when aggregating the total turnover including other export by not taking into consideration the specific definition adduced in section 80HHC read with section 80AB of the Act for the purpose of computing deduction under section 80HHC of the Act ?" 3. The ques .....

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..... derived from such exports' together with the word 'and' clearly indicate that the profit have to be calculated by counting both the exports. Deduction can be permitted only if there is a positive profit in the exports of both self-manufactured goods as well as trading goods. If there is a loss in either of the two, then the loss' has to be taken into account for the purposes of computing the prof .....

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