#Section 80HHC
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Change in Inventory Valuation Method Allowed if Based on AS 2

Order contrary to subsequent SC judgement can be said to suffer from mistake apparent from record

Deduction u/s 80IA can be claimed without excluding Deduction u/s 80HHC

Deduction U/s. 80HHC not available on Interest, rent and miscellaneous income

Deduction U/s 80HHC on Duty Draw Back & DEPB to supporting manufacturer; SC refers to larger bench

Definition of total turnover given U/s. 80HHC / 80HHE cannot be adopted for Section 10A

Conversion of Un-garbled Pepper to garbled Pepper is not manufacture

S. 80HHC Scrap sale proceeds not to form part of total turnover: SC

Difference in opinion, whether gross total income eligible for deduction u/s 80HHC will be reduced by deduction already allowed u/s 80IA – SC

Claim of export turnover if foreign exchange not realised in specified period u/s 80HHC tantamount to deemed concealment of income

Assessee can claim deduction u/s 10A for remaining years although he availed deduction u/s 80HHE in past

Sale proceeds of scrap is not turnover for section 80HHC: SC

In case of failure to issue proper notice to assessee, ITAT has right to review its own order

sec 80HHC- Taxation Laws (2nd Amendment) Act, 2005 have prospective effect
Explore the latest Section 80HHC updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
