Supreme Court · 2007 INSC 904 · Decided 10 September 2007
A.M. Moosa v. Commissioner of Income Tax, Trivandrum
- Court
- Supreme Court of India
- Citation
- 2007 INSC 904 · [2007] 9 S.C.R. 831
- Case number
- CIVIL APPEAL No. 4144/2007
- Decided
- 10 September 2007
- Bench
- ARIJIT PASAYAT, D.K. JAIN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IPC; Income Tax Act Section 80, 80AB
Headnote
MOOSA A v. COMMISSIONER OF INCOME TAX, TRIVANDRUM SEPTEMBER 10, 2007 (DR. ARIJIT PASAY AT AND D.K. JAIN, JJ.) B Income Tax Act, 1961: s.80 HHC (3)(c)-Deduction under-Held: Allowable only if there is positive profit in export of both self manufac.tured goods as well as trading goods-If there is Words and Phrases: 'profit' and 'positive profit'-Connotation of in the D context of s.80HHC(3) and s.80AB of Income Tax Act, 1961. The Assessec-appellant claimed deduction under s.80-HHC of Income Tax Act, 1961. The Assessing Officer disallowed the claim on the ground that the 'profits of the
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