Appeal Dismissed: Exclusion of Excise Duty from Turnover for Section 80HHC Deduction

The Gujarat HC dismissed the appeal, following the precedent set in CIT v. Lakshmi Machine Works, ruling that excise duty must be excluded from the total turnover for deduction under Section 80HHC of the Income Tax Act.

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The Gujarat High Court dismissed the appeal based on the decision in CIT v. Lakshmi Machine Works, which held that excise duty should be excluded from total turnover for deduction under Section 80HHC of the Income Tax Act.

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