#Section 80HHC
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140 articlesIncome Tax

Income Tax
Deduction U/s. 80HHC is allowable only after adjustment of unabsorbed depreciation of earlier years from current year profit
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Section 80HH and 80-IA deductions on income having direct nexus to industrial undertaking
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Deduction U/s. 80HHC cannot be claimed on profit on which deduction U/S. 80IA already been claimed
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S. 80HHC Calculation – Unrealised Export Sales will form part of Total Turnover
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Income Tax
Deduction u/s. 80-IA is to be allowed unit-wise without deducting losses in other unit
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Section 80HHC – Leasing rights can be considered as goods -SC
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Section 80HHC -Sales tax & excise duty will not form part of total turnover
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Retrospective Amendment to section 80HHC Ultra Vires
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Gain from foreign exchange fluctuation eligible for deduction u/s 80HHC
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S. 80HHC Amendment cannot be from retrospective date
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Whether quota sale receipt covered U/s. Sections 28(iiia) to 28(iiie) or S. 28(iv)
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Reassessment to disallow deduction u/s. 80HHC based on audit objections & reappraisal of details furnished not valid
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DEPB Income Eligible for Deduction U/s. 80HHC irrespective of Turnover
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Income Tax
