https://www.taxtmi.com/caselaws?id=71521 The Tribunal ruled in favor of the assessee regarding the exclusion of excise duty and sales-tax from total turnover for the computation of claim under section 80HHC. However, the Tribunal decided against the assessee on issues related to the inclusion of dividend income in 'profits of business' under section 80HHC and changing the method of providing depreciation for computing income under section 115J. The fluctuation loss in foreign exchange was allowed to be excluded from the profit and loss account under section 115J. The Assessing Officer was directed to adjust the claim under section 80HHC in computing book profit under section 115J in accordance with the Tribunal's decision. en-us Thu, 19 Sep 1996 00:00:00 +0530 Mon, 25 Apr 2011 14:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71521 The Tribunal ruled in favor of the assessee regarding the exclusion of excise duty and sales-tax from total turnover for the computation of claim under section 80HHC. However, the Tribunal decided against the assessee on issues related to the inclusion of dividend income in 'profits of business' under section 80HHC and changing the method of providing depreciation for computing income under section 115J. The fluctuation loss in foreign exchange was allowed to be excluded from the profit and loss account under section 115J. The Assessing Officer was directed to adjust the claim under section 80HHC in computing book profit under section 115J in accordance with the Tribunal's decision. Case-Laws Income Tax Thu, 19 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71521