https://www.taxtmi.com/caselaws?id=240343 The Tribunal held that the service income earned by the assessee-Company in India should not be excluded by 90% while computing eligible profits under Section 80HHE of the Income Tax Act, 1961. The Appellate Authority and Tribunal both agreed that the service income was an integral part of the business profits and not akin to brokerage, commission, interest, rent, or charges. The court ruled in favor of the assessee, stating that the service income did not fall under the category of receipts that should be excluded by 90%, disposing of the appeal with no costs. en-us Thu, 10 Oct 2013 00:00:00 +0530 Sun, 01 Dec 2013 20:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240343 The Tribunal held that the service income earned by the assessee-Company in India should not be excluded by 90% while computing eligible profits under Section 80HHE of the Income Tax Act, 1961. The Appellate Authority and Tribunal both agreed that the service income was an integral part of the business profits and not akin to brokerage, commission, interest, rent, or charges. The court ruled in favor of the assessee, stating that the service income did not fall under the category of receipts that should be excluded by 90%, disposing of the appeal with no costs. Case-Laws Income Tax Thu, 10 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240343