https://www.taxtmi.com/caselaws?id=257469 The High Court ruled in favor of the appellant in a case concerning the interpretation of Section 80HHC for deduction calculation. The court upheld the appellant's argument, aligning with normal accounting practices and the legislative intent to promote exports. The judgment clarified that scrap sales should not be included in the total turnover for deduction computation, setting aside the Tribunal's decision and emphasizing the exclusion of scrap sales from total turnover. en-us Wed, 04 Mar 2015 00:00:00 +0530 Sat, 21 Mar 2015 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257469 The High Court ruled in favor of the appellant in a case concerning the interpretation of Section 80HHC for deduction calculation. The court upheld the appellant's argument, aligning with normal accounting practices and the legislative intent to promote exports. The judgment clarified that scrap sales should not be included in the total turnover for deduction computation, setting aside the Tribunal's decision and emphasizing the exclusion of scrap sales from total turnover. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257469