https://www.taxtmi.com/caselaws?id=247311 The SC held that the term "total turnover" under section 80HHC does not include proceeds from the sale of scrap when the assessee's primary business is manufacturing and selling finished goods, not scrap. The sale of scrap is incidental and separate from the main business turnover. The purpose of section 80HHC is to encourage exports and foreign exchange earnings, thus benefits should be extended only to turnover from the principal business activities. The HC's decision excluding scrap sale proceeds from total turnover was upheld, resulting in a ruling against the Revenue. en-us Mon, 05 May 2014 00:00:00 +0530 Thu, 31 Jul 2025 15:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247311 The SC held that the term "total turnover" under section 80HHC does not include proceeds from the sale of scrap when the assessee's primary business is manufacturing and selling finished goods, not scrap. The sale of scrap is incidental and separate from the main business turnover. The purpose of section 80HHC is to encourage exports and foreign exchange earnings, thus benefits should be extended only to turnover from the principal business activities. The HC's decision excluding scrap sale proceeds from total turnover was upheld, resulting in a ruling against the Revenue. Case-Laws Income Tax Mon, 05 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247311