https://www.taxtmi.com/caselaws?id=213272 The Court affirmed the Tribunal's decision to exclude unrealized export receipts from the total turnover for calculating deductions under Section 80 HHC of the Income Tax Act, 1961. It held that amounts not part of the export turnover should be excluded from the total turnover to ensure accurate computation of deductions. The judgment emphasized aligning the principles governing export turnover with those of total turnover for consistent and precise assessment under Section 80 HHC, citing precedents from various High Courts to support its conclusion. en-us Thu, 01 Mar 2012 00:00:00 +0530 Tue, 15 May 2012 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213272 The Court affirmed the Tribunal's decision to exclude unrealized export receipts from the total turnover for calculating deductions under Section 80 HHC of the Income Tax Act, 1961. It held that amounts not part of the export turnover should be excluded from the total turnover to ensure accurate computation of deductions. The judgment emphasized aligning the principles governing export turnover with those of total turnover for consistent and precise assessment under Section 80 HHC, citing precedents from various High Courts to support its conclusion. Case-Laws Income Tax Thu, 01 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213272