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Case Law Details

Case Name : Dy. Commissioner of Income Tax V/s. M/s. Divine International (ITAT Delhi)
Related Assessment Year :
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DCIT Vs. Divine International (ITAT Delhi)- The CIT(A) has denied the deduction in respect of the addition on account of the so called sundry creditors on the ground that as per the provisions of Section 80 HHC, it is only the income derived by the assessee from the export of such merchandise which is eligible and the addition on account of creditors cannot be considered as income derived from the exports.

The contention of the CIT(A) , however, is wrong. Section 80 HHC provides the complete scheme for computi

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