Income having no nexus with exports is to be included while deducting 90% of receipt u/s 80HHC clause (baa)

Brief of the case In the case of  Sesa Goa Ltd. vs. CIT, High Court has held that that independent income having no nexus with exports would be covered by the words other similar receipts in clause (baa) of the Explanation to Section 80HHC of the Act. Facts of the case 1. The assessee carries on business of mining and export of iron ore. This ore is not only mined by the appellant from its own mines but also from mines belonging to others. The assessee receives extraction charges from mine owners in respect of the ores mined from mines belonging to others. These ores are thereafter purchased ...