THE HON'BLE SRI JUSTICE L.NARASIMHA REDDY AND HON'BLE SRI JUSTICE CHALLA KODANDA RAM I.T.T.A.No.98 of 2003 JUDGMENT: (Per Hon'ble Sri Justice L.Narasimha Reddy) question that arises for consideration in this appeal is as to, whether amount representing profits from export, referable to Section 80-HHC of Income Tax Act, must be deducted from total income at first instance, or after unabsorbed loss or carried forward depreciation, are set off. This very question was dealt with by us in I.T.T.A.No.3 of 2002, and we answered same in favour of assessee. Following same, we dismiss appeal. There shall be no order as to costs. miscellaneous petition filed in this appeal shall also stand disposed of. L.NARASIMHA REDDY, J. CHALLA KODANDA RAM, J. Date:09.09.2014 GJ Commissioner of Income-tax Central, Hyderabad v. Oil Country Tubular Limited