https://www.taxtmi.com/caselaws?id=2378 SC held that processing charges received in the cashew business constituted independent income and were includible in the total turnover for computing export incentives under Section 80HHC(3). The Court ruled that, under clause (baa), 90% of such independent income must be deducted from gross total income to arrive at business profits before applying the statutory fraction. The High Court and Tribunal decisions were set aside and the Department's appeals allowed, with no order as to costs. en-us Tue, 13 Nov 2007 00:00:00 +0530 Fri, 12 Sep 2025 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2378 SC held that processing charges received in the cashew business constituted independent income and were includible in the total turnover for computing export incentives under Section 80HHC(3). The Court ruled that, under clause (baa), 90% of such independent income must be deducted from gross total income to arrive at business profits before applying the statutory fraction. The High Court and Tribunal decisions were set aside and the Department's appeals allowed, with no order as to costs. Case-Laws Income Tax Tue, 13 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2378