https://www.taxtmi.com/caselaws?id=202310 The High Court of Madras ruled in favor of the assessee, holding that conversion charges should be excluded from the turnover for computing the deduction under section 80HHC of the Income-tax Act. The court referred to relevant judgments, including one by the Bombay High Court, and determined that conversion charges should not be considered part of the turnover for deduction calculation. The court dismissed the Revenue's appeal, aligning with the Division Bench judgment and deciding in favor of the assessee without imposing any costs. en-us Mon, 06 Apr 2009 00:00:00 +0530 Mon, 24 Dec 2012 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202310 The High Court of Madras ruled in favor of the assessee, holding that conversion charges should be excluded from the turnover for computing the deduction under section 80HHC of the Income-tax Act. The court referred to relevant judgments, including one by the Bombay High Court, and determined that conversion charges should not be considered part of the turnover for deduction calculation. The court dismissed the Revenue's appeal, aligning with the Division Bench judgment and deciding in favor of the assessee without imposing any costs. Case-Laws Income Tax Mon, 06 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202310