https://www.taxtmi.com/caselaws?id=174240 The Supreme Court dismissed the special leave petition, affirming the Income Tax Tribunal's decision to exclude excise duty and sales tax from the total turnover for computing deduction under section 80 HHC. The High Court's ruling that fabrication charges are part of business profits for deduction under section 80 HHC, particularly when linked to export activities, was upheld. The issue of distinguishing between different types of business profits was not addressed by the High Court as it did not arise from the Tribunal's order. en-us Mon, 02 Mar 2009 00:00:00 +0530 Mon, 28 Dec 2015 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174240 The Supreme Court dismissed the special leave petition, affirming the Income Tax Tribunal's decision to exclude excise duty and sales tax from the total turnover for computing deduction under section 80 HHC. The High Court's ruling that fabrication charges are part of business profits for deduction under section 80 HHC, particularly when linked to export activities, was upheld. The issue of distinguishing between different types of business profits was not addressed by the High Court as it did not arise from the Tribunal's order. Case-Laws Income Tax Mon, 02 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174240