https://www.taxtmi.com/caselaws?id=239870 The court held that sales tax should be excluded from total turnover for the purpose of deduction under Section 80HHC of the Income Tax Act, following precedents like Commissioner of Income Tax Vs. Lakshmi Machine Works. Regarding interest under Section 234B on re-assessment, the court determined that interest can be charged in cases of regular assessment, including re-assessment, as per Commissioner of Income Tax v. Nahar Spinning Mills Ltd. The Tribunal's decision was overturned, and the orders of the Commissioner of Income Tax (Appeals) and the Tribunal were set aside. en-us Wed, 22 May 2013 00:00:00 +0530 Sat, 23 Nov 2013 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239870 The court held that sales tax should be excluded from total turnover for the purpose of deduction under Section 80HHC of the Income Tax Act, following precedents like Commissioner of Income Tax Vs. Lakshmi Machine Works. Regarding interest under Section 234B on re-assessment, the court determined that interest can be charged in cases of regular assessment, including re-assessment, as per Commissioner of Income Tax v. Nahar Spinning Mills Ltd. The Tribunal's decision was overturned, and the orders of the Commissioner of Income Tax (Appeals) and the Tribunal were set aside. Case-Laws Income Tax Wed, 22 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239870