Premium from selling export quota entitlements is ineligible for deduction under Section 80HHC.
Premium from selling export quota entitlements is ineligible for deduction under Section 80HHC. Issue Whether an assessee-exporter is entitled to claim deduction under Section 80HHC of the Income-tax Act, 1961 on the premium earned from the sale or transfer of export quota entitlements, relying upon a CBDT Office Memorandum. Facts Assessment Year: AY 2001-02. Quota… Read More »