https://www.taxtmi.com/caselaws?id=203811 The Kerala High Court held that income from scrap sales should not be excluded under Explanation (baa)(i) to section 80HHC of the Income-tax Act, 1961. The court directed that the scrap sales turnover should be included in the total turnover for determining the eligible deduction of export profit. Additionally, the court ordered a re-examination by the Assessing Officer regarding the insurance claim to ascertain if it was related to the loss of goods forming part of the total turnover. en-us Fri, 15 Jan 2010 00:00:00 +0530 Fri, 21 Dec 2012 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203811 The Kerala High Court held that income from scrap sales should not be excluded under Explanation (baa)(i) to section 80HHC of the Income-tax Act, 1961. The court directed that the scrap sales turnover should be included in the total turnover for determining the eligible deduction of export profit. Additionally, the court ordered a re-examination by the Assessing Officer regarding the insurance claim to ascertain if it was related to the loss of goods forming part of the total turnover. Case-Laws Income Tax Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203811