https://www.taxtmi.com/caselaws?id=202097 The ITAT ruled in favor of the Assessee on the exclusion of sales-tax and excise duty from total turnover for deduction u/s.80HHC, citing the Supreme Court's decision. However, the ITAT remanded the issue of excluding 90% of miscellaneous receipts back to the AO for further examination. The ITAT upheld adjustments for excess prices compared to Arm's length prices in some transactions but deleted additions for items with minimal price differences. Regarding the re-computation of deduction u/s.80HHC(3)(a) after setting off business loss, the ITAT sided with the Revenue, emphasizing the need for positive profits before granting deductions. en-us Fri, 16 Jul 2010 00:00:00 +0530 Fri, 20 May 2016 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202097 The ITAT ruled in favor of the Assessee on the exclusion of sales-tax and excise duty from total turnover for deduction u/s.80HHC, citing the Supreme Court's decision. However, the ITAT remanded the issue of excluding 90% of miscellaneous receipts back to the AO for further examination. The ITAT upheld adjustments for excess prices compared to Arm's length prices in some transactions but deleted additions for items with minimal price differences. Regarding the re-computation of deduction u/s.80HHC(3)(a) after setting off business loss, the ITAT sided with the Revenue, emphasizing the need for positive profits before granting deductions. Case-Laws Income Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202097