https://www.taxtmi.com/caselaws?id=263997 For the purpose of clause (baa) of the Explanation to section 80HHC, the exclusion applies to net receipts after deducting expenditure attributable to those receipts, not to the gross amount. Interest and similar business receipts are therefore reduced by the related outgo before the 90% exclusion is applied. Receipts from electronic data processing and professional services are treated as income, but the Assessing Officer must first determine whether any positive net income remains after deducting the associated expenditure. Only then can the clause (baa) exclusion operate on that net figure. en-us Tue, 08 Sep 2015 00:00:00 +0530 Mon, 14 Sep 2015 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263997 For the purpose of clause (baa) of the Explanation to section 80HHC, the exclusion applies to net receipts after deducting expenditure attributable to those receipts, not to the gross amount. Interest and similar business receipts are therefore reduced by the related outgo before the 90% exclusion is applied. Receipts from electronic data processing and professional services are treated as income, but the Assessing Officer must first determine whether any positive net income remains after deducting the associated expenditure. Only then can the clause (baa) exclusion operate on that net figure. Case-Laws Income Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263997