https://www.taxtmi.com/caselaws?id=171294 The Court ruled in favor of the assessee, affirming that excise duty and sales tax should be excluded from the total turnover for claiming benefits under section 80HHC of the Income Tax Act. The Court emphasized that section 80HHC aims to promote exports by exempting profits related to exports, and items like excise duty and sales tax should not be considered part of turnover for this purpose. The decision was based on a previous Supreme Court ruling and the interpretation that concessions not directly linked to exports should be disallowed under the section. en-us Fri, 11 Jul 2008 00:00:00 +0530 Wed, 15 Jul 2015 17:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171294 The Court ruled in favor of the assessee, affirming that excise duty and sales tax should be excluded from the total turnover for claiming benefits under section 80HHC of the Income Tax Act. The Court emphasized that section 80HHC aims to promote exports by exempting profits related to exports, and items like excise duty and sales tax should not be considered part of turnover for this purpose. The decision was based on a previous Supreme Court ruling and the interpretation that concessions not directly linked to exports should be disallowed under the section. Case-Laws Income Tax Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171294