B. Desraj vs C.I.T. Salem

The Supreme Court held that the amounts received by the appellant as Duty Drawback and Cash Compensatory Allowance during the assessment year 1991-92, although related to exports made in the previous year, are eligible for deduction under Section 80HHC of the Income Tax Act, 1961. The Court emphasized that the relevant provisions allow for such deductions even if no exports were made in the current assessment year, as long as the income is linked to prior export activities. The Court reversed the High Court's decision, thereby upholding the Tribunal's ruling in favor of the appellant.