JEWELS EMPORIUM Vs. UNION OF INDIA

JUDGEMENT

(1.) SINCE a common question of law is involved in all these petitions, the same are being disposed of by this common order.

(2.) AT the outset, learned counsel for the petitioners has withdrawn the challenge to the vires of Explanation (aa) added to Sub-section (4B) of Section 80HHC of the Income-tax Act, 1961. He simply prayed that the petitioners are entitled for the benefit of Section 80HHC of the Act.

(3.) IN the result, we are of the view that the assessee is entitled for the benefit under Section 80HHC of the INcome-tax Act, 1961.