https://www.taxtmi.com/caselaws?id=178697 The Tribunal confirmed that deduction u/s 80HHC need not be reduced while computing deduction u/s 80IA, following various court judgments. It directed the exclusion of scrap sales receipt from total turnover based on a Supreme Court decision. Additionally, it held that freight and insurance charges, excluded from export turnover, should also be excluded from total turnover. The Tribunal ruled in favor of excluding 90% of net receipts like interest, agency commission, rent, etc., for computing deduction u/s 80HHC. Consequently, the Revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Fri, 01 Jan 2016 00:00:00 +0530 Wed, 10 Feb 2016 18:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178697 The Tribunal confirmed that deduction u/s 80HHC need not be reduced while computing deduction u/s 80IA, following various court judgments. It directed the exclusion of scrap sales receipt from total turnover based on a Supreme Court decision. Additionally, it held that freight and insurance charges, excluded from export turnover, should also be excluded from total turnover. The Tribunal ruled in favor of excluding 90% of net receipts like interest, agency commission, rent, etc., for computing deduction u/s 80HHC. Consequently, the Revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178697