{"id":28156,"date":"2022-07-07T16:29:57","date_gmt":"2022-07-07T10:59:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-ayshwarya-sea-food-pvt-ltd-2022-441-itr-171-mad-hc-2\/"},"modified":"2022-07-07T16:29:57","modified_gmt":"2022-07-07T10:59:57","slug":"cit-v-ayshwarya-sea-food-pvt-ltd-2022-441-itr-171-mad-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-ayshwarya-sea-food-pvt-ltd-2022-441-itr-171-mad-hc-2\/","title":{"rendered":"CIT v. Ayshwarya Sea Food Pvt. Ltd. (2022) 441 ITR 171 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that section\u00a080HHC\u00a0of the\u00a0Income-tax Act, 1961, contemplates three situations, viz., sub-section\u00a0(3)(a)\u00a0dealing with cases where the export is only of self-manufactured goods, sub-section\u00a0(3)(b)\u00a0dealing with cases where the export is only of trading goods, and sub-section\u00a0(3)(c)\u00a0dealing with cases where the export is of both self-manufactured goods as well as trading goods. Apart from this, the section nowhere deals with the situation of an assessee having more than one unit of business and one of the units being purely 100 per cent. export oriented unit and the other unit, a partially export unit. Even though the Act does not provide for dealing with such a situation, yet, being a beneficial provision, in the fitness of things, the assessee is entitled to the relief in respect of 100 per cent. export oriented unit. (AY.2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC : Export business-More than one unit-Deduction  to be computed unit wise.  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-28156","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7k8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=28156"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28156\/revisions"}],"predecessor-version":[{"id":28157,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28156\/revisions\/28157"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}