Denial of deduction u/s. 80HHC merely stating income are not derived from export unjustified

MMTC Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi held that income classified as ‘business income’ but not considered for the purpose of working of deduction u/s 80HHC merely on the nomenclature that income are not derived from export is unjustifiable as it is not justified that income has no nexus with earning of export.

Facts- The assessee is a Govt, of India Enterprise and is engaged in business of manufacturing of medallions and jewellery, soya oil and DOC, Mica Paper and p

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