https://www.taxtmi.com/caselaws?id=70676 The Tribunal partly allowed the Revenue's appeal, upholding the treatment of replacement expenditure as revenue in nature and excluding excise duty and sales tax from turnover for section 80HHC deduction. However, it ruled in favor of the Revenue that the deduction under section 80-IA should reduce eligible profits before allowing the deduction under section 80HHC, contrary to the CIT(A)'s decision. en-us Fri, 30 Nov 2007 00:00:00 +0530 Mon, 18 Apr 2011 14:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70676 The Tribunal partly allowed the Revenue's appeal, upholding the treatment of replacement expenditure as revenue in nature and excluding excise duty and sales tax from turnover for section 80HHC deduction. However, it ruled in favor of the Revenue that the deduction under section 80-IA should reduce eligible profits before allowing the deduction under section 80HHC, contrary to the CIT(A)'s decision. Case-Laws Income Tax Fri, 30 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70676