Deduction u/s 80HHC is to be allowed to the extent of Gross Total Income

Deduction u/s 80HHC is to be allowed to the extent of Gross Total Income

Brief of the case

In the case of V. M. Salgaocar & Brother Pvt. Ltd vs. The Asst. Commissioner of Income Tax, Goa High Court has held that deduction u/s 80HHC is to be allowed to the extent of gross total income and not to the extent of business profit only.

Facts of the case

1. The assessee is engaged in the business of export of processed iron ore which is man

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