https://www.taxtmi.com/caselaws?id=119110 The Tribunal upheld the assessee's claim on the disallowance of revaluation of tools, filing fee for increasing authorized capital, and motor car maintenance. However, it ruled against the assessee on the inclusion of sale proceeds of scrap and income from the sale of securities in total turnover for section 80HHC relief. The Tribunal also supported the treatment of machinery repair and replacement expenditures as revenue, exclusion of excise duty and sales tax from total turnover, inclusion of processing charges in total turnover, and categorization of insurance compensation for damaged machinery as capital. The Tribunal partially allowed the assessee's appeal and dismissed the Department's appeal. en-us Tue, 08 Feb 2005 00:00:00 +0530 Mon, 09 Jul 2012 10:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119110 The Tribunal upheld the assessee's claim on the disallowance of revaluation of tools, filing fee for increasing authorized capital, and motor car maintenance. However, it ruled against the assessee on the inclusion of sale proceeds of scrap and income from the sale of securities in total turnover for section 80HHC relief. The Tribunal also supported the treatment of machinery repair and replacement expenditures as revenue, exclusion of excise duty and sales tax from total turnover, inclusion of processing charges in total turnover, and categorization of insurance compensation for damaged machinery as capital. The Tribunal partially allowed the assessee's appeal and dismissed the Department's appeal. Case-Laws Income Tax Tue, 08 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119110