https://www.taxtmi.com/caselaws?id=68195 The Tribunal ruled in favor of the assessee on the inclusion of sales-tax and excise duty in the computation of total turnover for deductions under section 80HHC, following precedents that these should not be included. However, the Tribunal upheld the inclusion of Kherthala contract receipts in the total turnover for rebate under section 80HHC, emphasizing the consistency of business activities. The Tribunal rejected the deduction of foreign exchange rate difference in export turnover, excluded dividend income for deduction under section 80HHC, and allowed depreciation on the weigh-bridge foundation and structure at the rate applicable to buildings. Additionally, the Tribunal disallowed certain expenses for guest house facilities at the mining site under section 37(4), aligning with the High Court's decision in Mangal Chand Tubes (P) Ltd. vs. CIT. en-us Thu, 10 Sep 1998 00:00:00 +0530 Thu, 17 Mar 2011 15:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68195 The Tribunal ruled in favor of the assessee on the inclusion of sales-tax and excise duty in the computation of total turnover for deductions under section 80HHC, following precedents that these should not be included. However, the Tribunal upheld the inclusion of Kherthala contract receipts in the total turnover for rebate under section 80HHC, emphasizing the consistency of business activities. The Tribunal rejected the deduction of foreign exchange rate difference in export turnover, excluded dividend income for deduction under section 80HHC, and allowed depreciation on the weigh-bridge foundation and structure at the rate applicable to buildings. Additionally, the Tribunal disallowed certain expenses for guest house facilities at the mining site under section 37(4), aligning with the High Court's decision in Mangal Chand Tubes (P) Ltd. vs. CIT. Case-Laws Income Tax Thu, 10 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68195