https://www.taxtmi.com/caselaws?id=214442 The Court held that conversion charges and sundry sales do not form part of turnover for deduction under Section 80HHC. It differentiated between capital and revenue expenditure regarding replacement of machinery. The profit margin of captively consumed goods was excluded for deduction under Section 80HH. Depreciation on windmills commissioned after the relevant accounting period was allowed. The Court partly allowed the appeals, with decisions favoring both the assessee and the Revenue, providing detailed reasoning based on factual findings and legal precedents. en-us Thu, 07 Jun 2012 00:00:00 +0530 Sat, 30 Jun 2012 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214442 The Court held that conversion charges and sundry sales do not form part of turnover for deduction under Section 80HHC. It differentiated between capital and revenue expenditure regarding replacement of machinery. The profit margin of captively consumed goods was excluded for deduction under Section 80HH. Depreciation on windmills commissioned after the relevant accounting period was allowed. The Court partly allowed the appeals, with decisions favoring both the assessee and the Revenue, providing detailed reasoning based on factual findings and legal precedents. Case-Laws Income Tax Thu, 07 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214442