Supreme Court · 2015 INSC 278 · Decided 1 April 2015
Jeyar Consultant & Investment PVT. LTD. v. Commissioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 2015 INSC 278 · [2015] 6 S.C.R. 979
- Case number
- CIVIL APPEAL No. 8912/2003
- Decided
- 1 April 2015
- Bench
- A.K. SIKRI, R.F. NARIMAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
B Income Tax Act, 1961- s.BOHHC (1) and (3) (b) - Deduction in respect of profits from export business - c Computation of-Assessee having turnover and income from business in India as well as from export business - Denial of deduction by the Revenue and confirmed by courts below on the having not earned profit from the export, deduction would be nil- On appeal, held: In order D to provide deduction, the pre-requisite is to ascertain that there are profits from the export business - If there are losses in the export business, but profits in domestic business is more than the
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