Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]

By Killamsetty Rasmita - On August 3, 2023 6:30 am - 2 mins read
Income Tax Act - Exports Profits as Sole Source of Income - ITAT allows Deduction - ITAT - Deduction -Exports Profits - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that businesses can avail of benefits under Section 80HHC of Income Tax Act, 1961 even if export profits are not their exclusive source of income and it promotes trade and encourages entrepreneurial endeavors without restricting eligibility for tax incentives solely to export-oriented entities….

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