https://www.taxtmi.com/caselaws?id=61864 The appeal of the assessee was dismissed, and the cross-objection by the revenue was partly allowed. The Tribunal upheld the computation of the Assessing Officer in reducing the profits by 90% of the export earnings premium and brokerage for the purpose of deduction under section 80HHC. The Tribunal also held that while the export earnings premium should be included in the total turnover, the freight brokerage should not, as it effectively reduced the cost of freight and did not form part of the "total turnover." en-us Sat, 31 Dec 1994 00:00:00 +0530 Sat, 15 Jan 2011 17:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61864 The appeal of the assessee was dismissed, and the cross-objection by the revenue was partly allowed. The Tribunal upheld the computation of the Assessing Officer in reducing the profits by 90% of the export earnings premium and brokerage for the purpose of deduction under section 80HHC. The Tribunal also held that while the export earnings premium should be included in the total turnover, the freight brokerage should not, as it effectively reduced the cost of freight and did not form part of the "total turnover." Case-Laws Income Tax Sat, 31 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61864