IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN WEDNESDAY, THE 18TH FEBRUARY 2009 / 29TH MAGHA 1930 ITA.No. 102 of 2008() --------------------- ITA.252/2003 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: --------------------------- THE COMMISSIONER OF INCOME-TAX, THIRUVANANTHAPURAM. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/RESPONDENT: ------------------------------- SMT.K.R.USHASREE, KOLLAM. THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 18/02/2009,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C .N. RAMACHANDRAN NAIR & K. SURENDRA MOHAN, JJ. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - I.T.A. No. 102 OF 2008 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 18th day of February, 2009 JUDGMENT Ramachandran Nair,J. The question raised in the appeal filed by the Revenue pertains to computation of eligible profit for export exemption under Section 8HHC. This is covered by decision of the Supreme Court reported in IPCA Laboratory Ltd., v. Deputy Commissioner of Income Tax [266 ITR 521] in favour of the Revenue. Following the said judgment, we allow the appeal filed by the Revenue by reversing the order of the Tribunal on this issue with a direction to the assessing officer to recompute the eligible exemption by following the decision of the Supreme Court. (C.N.RAMACHANDRAN NAIR) Judge. (K. SURENDRA MOHAN) Judge. ttb