Cessation of liability is not income from export & not eligible for deduction u/s. 80HHC

HIGH COURT OF PUNJAB AND HARYANA Monte International Versus Commissioner of Income-tax, Ludhiana IT APPEAL NO. 98 OF 2007† AUGUST 20, 2007 JUDGMENT Ajay Kumar Mittal, J. This appeal is filed by the assessee under Section 260A of the Income Tax Act, 1961 (for short “the Act”) against the order of the Income Tax Appellate Tribunal, Chandigarh Bench “B”, Chandigarh (hereinafter referred to as “the Tribunal”) passed in ITA No. 1231/Chandi/2005 on 31.7.2006 for the assessment year 2001-02. According to the learned counsel for the assessee, the ...