https://www.taxtmi.com/caselaws?id=66359 The Tribunal ruled in favor of the assessee, directing the AO to rectify the intimation by deleting the adjustment and additional tax levied on the deduction claimed under section 80HHC for the assessment year 1993-94. The Tribunal agreed with the assessee's argument that the REP license benefits were part of the sale consideration and should not have been excluded from the total turnover for the purpose of calculating the deduction. The decision was based on legal precedents and circulars supporting the inadmissibility of such adjustments under section 143(1)(a) of the IT Act. en-us Wed, 17 Sep 1997 00:00:00 +0530 Wed, 23 Feb 2011 17:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66359 The Tribunal ruled in favor of the assessee, directing the AO to rectify the intimation by deleting the adjustment and additional tax levied on the deduction claimed under section 80HHC for the assessment year 1993-94. The Tribunal agreed with the assessee's argument that the REP license benefits were part of the sale consideration and should not have been excluded from the total turnover for the purpose of calculating the deduction. The decision was based on legal precedents and circulars supporting the inadmissibility of such adjustments under section 143(1)(a) of the IT Act. Case-Laws Income Tax Wed, 17 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66359