Section 80HHC Granted as Exporters Below ₹10 Crore Must Be Treated Same as Large Exporters

Jayshri Exports (India) Vs DCIT (ITAT Rajkot) 80HHC Relief Restored- No Discrimination Between Exporters Above & Below ₹10 Cr: ITAT Applies Supreme Court’s Avani Exports Ratio Rajkot Tribunal dealt with the restriction of deduction u/s 80HHC. Assessee, a 100% exporter with turnover of ₹5.25 crore, filed return claiming deduction of ₹25,90,947/- u/s 80HHC. AO, applying the retrospective amendment brought by the Taxation Laws (Amendment) Act, 2005, excluded 90% of export incentives, computed a business loss of ₹79,10,629 & allowed only ₹2,17,759/-. CIT(A) upheld the AO’s co...