https://www.taxtmi.com/caselaws?id=152860 The High Court upheld the Tribunal's decision in favor of the assessee on both issues. It ruled that the central excise duty component should not be included in the value of closing stock, citing relevant case law. Additionally, the inclusion of sales tax and excise duty in the total turnover for deduction calculation under section 80HHC of the Income-tax Act was deemed permissible, following precedent. The Revenue's appeal was dismissed, affirming the decisions against them and in favor of the assessee. en-us Fri, 28 Jul 2006 00:00:00 +0530 Fri, 12 Jul 2013 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152860 The High Court upheld the Tribunal's decision in favor of the assessee on both issues. It ruled that the central excise duty component should not be included in the value of closing stock, citing relevant case law. Additionally, the inclusion of sales tax and excise duty in the total turnover for deduction calculation under section 80HHC of the Income-tax Act was deemed permissible, following precedent. The Revenue's appeal was dismissed, affirming the decisions against them and in favor of the assessee. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152860