Deduction u/s. 80HHC allowable only against profit from export business- SC

It is a pre-requisite that there must be profits from the export business. If the exports business has suffered a loss, deduction cannot be allowed from domestic business – Section 80HHC

Brief Facts of the Case and Question of Law

Brief Facts:

The appellant-assessee is engaged in the business of export of marine products and also financial consultancy and trading in equity shares. Its total busine

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