https://www.taxtmi.com/caselaws?id=244572 The court ruled in favor of the taxpayer on both issues. Sales Tax and Excise Duty were excluded from "total turnover" for Section 80HHC deduction, aligning with Supreme Court precedents. Interest under Section 234B should be charged after reducing the credit under Section 115JAA, and Explanation 1 below Section 234B cannot be applied retrospectively. The Tribunal's decisions were upheld, and the tax appeal was dismissed without costs. en-us Tue, 03 Dec 2013 00:00:00 +0530 Sat, 01 Mar 2014 11:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244572 The court ruled in favor of the taxpayer on both issues. Sales Tax and Excise Duty were excluded from "total turnover" for Section 80HHC deduction, aligning with Supreme Court precedents. Interest under Section 234B should be charged after reducing the credit under Section 115JAA, and Explanation 1 below Section 234B cannot be applied retrospectively. The Tribunal's decisions were upheld, and the tax appeal was dismissed without costs. Case-Laws Income Tax Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244572