https://www.taxtmi.com/caselaws?id=2054 The court ruled in favor of the assessee, holding that excise duty should be excluded from the total turnover for the purpose of deduction under section 80HHC of the Income-tax Act, 1961. The court applied the precedent set by the Lakshmi Machine Works case, determining that excise duty and sales tax should not be considered part of the total turnover as they lack a nexus with export activities, which are the focus of section 80HHC. The appeal by the Income-tax Department was dismissed, affirming the exclusion of excise duty from total turnover for deduction computation in the assessment year 1992-93. en-us Tue, 12 Jun 2007 00:00:00 +0530 Sat, 02 Aug 2008 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2054 The court ruled in favor of the assessee, holding that excise duty should be excluded from the total turnover for the purpose of deduction under section 80HHC of the Income-tax Act, 1961. The court applied the precedent set by the Lakshmi Machine Works case, determining that excise duty and sales tax should not be considered part of the total turnover as they lack a nexus with export activities, which are the focus of section 80HHC. The appeal by the Income-tax Department was dismissed, affirming the exclusion of excise duty from total turnover for deduction computation in the assessment year 1992-93. Case-Laws Income Tax Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2054