Relief to Fenner India: Royalty Income not relatable to Export Business excludable from Business Profit u/s 80HHC, rules Madras HC [Read Order]

By Taxscan Team - On June 22, 2022 2:34 pm - 2 mins read
Export Business - Madras HC - Royalty Income - Business Profits - Deduction - Taxscan

The division bench of Madras High Court presided by Mr. Justice R. Mahadevan and Mr. Justice J. Sathya Narayana Prasad has upheld the exclusion of royalty income from business profits for calculation of deduction u/s 80HHC since the assessee fails to prove royalty income is related to export business. The appellant, M/s. Fenner (India) Limited,…

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