Supreme Court · 2007 INSC 1146 · Decided 13 November 2007
Commissioner, Income Tax, Thiruvananthapuram v. K. Ravindranathan Nair
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1146 · [2007] 11 S.C.R. 1097
- Case number
- CIVIL APPEAL No. 5173/2007
- Decided
- 13 November 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80HH
Headnote
INCOME TAX, THIRUV ANANTHAPURAM A v. K. RA VIND RANA THAN NAIR NOVEMBER 13, 2007 B [S.H. KAPADIA AND B. SUDERSHAN REDDY, JJ.) Income Tax Act, 1961: s.80HHC(3)(a), (b) and (c) and Clause (baa) to the Explanation c to s.80HHC-Assessment Year 1993-94-Processing charges-, Inclusion of, in the self-: D manufactured goods and trading goods-Deduction under s.80HHC(3)(c)-Entitlementfor-Held: Losses suffered by assessee in export of trading goods can be set ofjl adjusted against profits from export of manufactured goods and vice versa-If after such adjustments, there is positive profits,
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