https://www.taxtmi.com/caselaws?id=172274 The Tribunal partly allowed both cross appeals, overturning the inclusion of Cenvat element in closing stock, upholding the exclusion of scrap sale from total turnover for deduction u/s.80HHC, setting aside the exclusion of interest receipt from profit for deduction u/s.80HHC for fresh consideration, dismissing challenges on arm's length price computation for exports, upholding the exclusion of excise duty and sales-tax from total turnover for deduction u/s.80HHC, and upholding the direction to not deduct certain receipts. The Tribunal set aside the reduction of arm's length price, allowing this ground based on legal precedents and previous decisions. en-us Wed, 05 Jan 2011 00:00:00 +0530 Tue, 18 Aug 2015 12:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172274 The Tribunal partly allowed both cross appeals, overturning the inclusion of Cenvat element in closing stock, upholding the exclusion of scrap sale from total turnover for deduction u/s.80HHC, setting aside the exclusion of interest receipt from profit for deduction u/s.80HHC for fresh consideration, dismissing challenges on arm's length price computation for exports, upholding the exclusion of excise duty and sales-tax from total turnover for deduction u/s.80HHC, and upholding the direction to not deduct certain receipts. The Tribunal set aside the reduction of arm's length price, allowing this ground based on legal precedents and previous decisions. Case-Laws Income Tax Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172274