https://www.taxtmi.com/caselaws?id=77893 The Supreme Court held that excise duty and sales tax should not be included in turnover for deduction under section 80HHC. Additionally, the windmill subsidy was deemed a capital receipt and should not be added to the cost of the asset for taxation purposes or depreciation calculations. The Court relied on precedents to dismiss all three appeals by the Revenue, affirming the decisions of the Income-tax Appellate Tribunal and the Commissioner of Income-tax (Appeals). en-us Mon, 09 Jun 2008 00:00:00 +0530 Tue, 19 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77893 The Supreme Court held that excise duty and sales tax should not be included in turnover for deduction under section 80HHC. Additionally, the windmill subsidy was deemed a capital receipt and should not be added to the cost of the asset for taxation purposes or depreciation calculations. The Court relied on precedents to dismiss all three appeals by the Revenue, affirming the decisions of the Income-tax Appellate Tribunal and the Commissioner of Income-tax (Appeals). Case-Laws Income Tax Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77893