https://www.taxtmi.com/caselaws?id=202598 The Supreme Court ruled in favor of the assessee, affirming that excise duty should not be included in the total turnover for claiming a deduction under Section 80HHC of the Income Tax Act, 1961. The decision aligns with the legislative intent to incentivize exports by ensuring that only profits related to export activities are eligible for deduction. The judgment provides a detailed analysis of relevant legal provisions and judicial precedents supporting this interpretation. en-us Fri, 03 Sep 2010 00:00:00 +0530 Mon, 13 Jun 2011 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202598 The Supreme Court ruled in favor of the assessee, affirming that excise duty should not be included in the total turnover for claiming a deduction under Section 80HHC of the Income Tax Act, 1961. The decision aligns with the legislative intent to incentivize exports by ensuring that only profits related to export activities are eligible for deduction. The judgment provides a detailed analysis of relevant legal provisions and judicial precedents supporting this interpretation. Case-Laws Income Tax Fri, 03 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202598