DEDUCTION U/S 80 HHC OF THE INCOME TAX ACT,1961

By virtue of provisions of Section 8 of General Clauses Act,1897, read with Rule 18 of the Customs and Central Excise Duties Drawback Rules, 1995, which provides for repeals and savings of the 1971 rules, the benefit of section 80HHC cannot be denied to an assessee claiming refund of the duty drawback under Duty Drawback Rules, 1995 subject to fulfillment of all other conditions provided under section 80HHC. This clarification will apply to assessment year 1996-97 and subsequent assessment years.