https://www.taxtmi.com/caselaws?id=61707 The Tribunal's final decision partially favored the department. It upheld the reduction of 90% of interest income from business profits under Section 80HHC, aligning with the department's stance. The Tribunal ruled in favor of the assessee by excluding excise duty and sales tax from the total turnover for Section 80HHC. However, it sided with the Assessing Officer by excluding turnover from units exempt under Section 10B from the total turnover for Section 80HHC, thereby preventing a double benefit. en-us Fri, 27 Apr 2007 00:00:00 +0530 Wed, 18 Dec 2024 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61707 The Tribunal's final decision partially favored the department. It upheld the reduction of 90% of interest income from business profits under Section 80HHC, aligning with the department's stance. The Tribunal ruled in favor of the assessee by excluding excise duty and sales tax from the total turnover for Section 80HHC. However, it sided with the Assessing Officer by excluding turnover from units exempt under Section 10B from the total turnover for Section 80HHC, thereby preventing a double benefit. Case-Laws Income Tax Fri, 27 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61707