In Itxa/413/2004 Of The Commissioner Of Income-Tax,City-Xx, Mumbai v. Shri. Ayoor Abdul Kadar Pokar, the High Court (2008) allowed the appeal. The decision went in favour of the Revenue.
Issue: Whether for working out deduction u/s.
Decision: Appeal is allowed accordingly.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1. The revenue has preferred this appeal on the
following question of law.
Whether for working out deduction u/s. 80HHC
the incentives given by the Government in termsof duty drawback is to be excluded for computingprofits retained for export business?
2. The order of ITAT was delivered on 24.7.2003
:2:
amendment effected by Taxation Laws (Amendment)
Act,2005. Appeal is allowed accordingly.
(R.S. MOHITE, J.)
(F.I. REBELLO, J.)
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