https://www.taxtmi.com/caselaws?id=175948 The Assessee's appeal challenging the computation of deduction u/s 80HHC was partially allowed, directing the Assessing Officer (AO) to rework the deduction in consideration of specific components of export incentives. The treatment of DEPB entitlements disallowance was upheld, but the issue was restored to the AO for fresh adjudication based on a relevant decision. The inclusion of excise duty and sales tax in total turnover was clarified by the ITAT, upholding the CIT(A)'s direction. The disallowance of business promotion expenses was deleted by the CIT(A) and upheld by the ITAT. The Assessee's appeal was allowed for statistical purposes, and the Revenue's appeal was dismissed. en-us Tue, 17 Nov 2009 00:00:00 +0530 Wed, 09 Dec 2015 12:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175948 The Assessee's appeal challenging the computation of deduction u/s 80HHC was partially allowed, directing the Assessing Officer (AO) to rework the deduction in consideration of specific components of export incentives. The treatment of DEPB entitlements disallowance was upheld, but the issue was restored to the AO for fresh adjudication based on a relevant decision. The inclusion of excise duty and sales tax in total turnover was clarified by the ITAT, upholding the CIT(A)'s direction. The disallowance of business promotion expenses was deleted by the CIT(A) and upheld by the ITAT. The Assessee's appeal was allowed for statistical purposes, and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 17 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175948