https://www.taxtmi.com/caselaws?id=255959 The Court ruled in favor of the Assessee, holding that excise duty and sales tax should be excluded from total turnover for calculating deductions under Section 80HHC of the Income Tax Act, 1961. This decision aligned with legal precedents emphasizing the promotion of exports by exempting profits related to exports and ensuring that deductions not directly linked to exports, such as excise duty and sales tax, are not included in turnover for this purpose. The judgments cited supported the exclusion of these amounts, resulting in a favorable outcome for the Assessee against the Department. en-us Fri, 12 Dec 2014 00:00:00 +0530 Sat, 31 Jan 2015 13:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255959 The Court ruled in favor of the Assessee, holding that excise duty and sales tax should be excluded from total turnover for calculating deductions under Section 80HHC of the Income Tax Act, 1961. This decision aligned with legal precedents emphasizing the promotion of exports by exempting profits related to exports and ensuring that deductions not directly linked to exports, such as excise duty and sales tax, are not included in turnover for this purpose. The judgments cited supported the exclusion of these amounts, resulting in a favorable outcome for the Assessee against the Department. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255959