https://www.taxtmi.com/caselaws?id=206935 The court upheld the Tribunal's decision regarding the deduction under section 80 HHC of the Income Tax Act, 1961, agreeing with the exclusion of domestic turnover in the calculation of export profits. It rejected the revenue's reliance on Supreme Court judgments, emphasizing the applicability of the Madras High Court's precedent. The court did not raise a legal question on the domestic turnover issue but did so on matters concerning expenditure for music titles, asset purchase, section 35A applicability, and head office depreciation deduction. The case was scheduled for further proceedings following the submission of required documents. en-us Wed, 14 Sep 2011 00:00:00 +0530 Sat, 12 Nov 2011 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206935 The court upheld the Tribunal's decision regarding the deduction under section 80 HHC of the Income Tax Act, 1961, agreeing with the exclusion of domestic turnover in the calculation of export profits. It rejected the revenue's reliance on Supreme Court judgments, emphasizing the applicability of the Madras High Court's precedent. The court did not raise a legal question on the domestic turnover issue but did so on matters concerning expenditure for music titles, asset purchase, section 35A applicability, and head office depreciation deduction. The case was scheduled for further proceedings following the submission of required documents. Case-Laws Income Tax Wed, 14 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206935