https://www.taxtmi.com/caselaws?id=271484 The Tribunal upheld the deduction under section 80HHC without reducing it under section 80IB, following the judgment of the Bombay High Court. It ruled in favor of the Assessee, directing the exclusion of scrap sales proceeds from the total turnover based on relevant principles. Additionally, the Tribunal directed the exclusion of freight and insurance charges from the total turnover and agreed with the Assessee on excluding 90% of certain income types while computing the deduction under section 80HHC. The Tribunal dismissed the Revenue's appeal and allowed that of the Assessee after detailed analysis and consideration of judicial precedents. en-us Fri, 01 Jan 2016 00:00:00 +0530 Sat, 06 Feb 2016 15:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271484 The Tribunal upheld the deduction under section 80HHC without reducing it under section 80IB, following the judgment of the Bombay High Court. It ruled in favor of the Assessee, directing the exclusion of scrap sales proceeds from the total turnover based on relevant principles. Additionally, the Tribunal directed the exclusion of freight and insurance charges from the total turnover and agreed with the Assessee on excluding 90% of certain income types while computing the deduction under section 80HHC. The Tribunal dismissed the Revenue's appeal and allowed that of the Assessee after detailed analysis and consideration of judicial precedents. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271484