https://www.taxtmi.com/caselaws?id=234275 The High Court held that processing charges should be excluded from turnover and business profits for the purpose of claiming deductions under Section 80 HHC. The Tribunal's decision reducing the relief to NIL was overturned, with the Court ruling that 90% of the processing charges should be deducted from business profits for calculating the deduction. The Court emphasized the limitations on the Tribunal's jurisdiction compared to the first appellate authority and upheld the deduction allowed by the AO and the first appellate authority. Ultimately, the Court partly allowed the appeal, modifying the order to grant relief under Section 80 HHC for the specified amount. en-us Thu, 30 May 2013 00:00:00 +0530 Fri, 31 May 2013 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234275 The High Court held that processing charges should be excluded from turnover and business profits for the purpose of claiming deductions under Section 80 HHC. The Tribunal's decision reducing the relief to NIL was overturned, with the Court ruling that 90% of the processing charges should be deducted from business profits for calculating the deduction. The Court emphasized the limitations on the Tribunal's jurisdiction compared to the first appellate authority and upheld the deduction allowed by the AO and the first appellate authority. Ultimately, the Court partly allowed the appeal, modifying the order to grant relief under Section 80 HHC for the specified amount. Case-Laws Income Tax Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234275