https://www.taxtmi.com/caselaws?id=181399 The Tribunal partly allowed the revenue's appeal, directing verification and inclusion of certain incomes in business profits for the purpose of deduction u/s 80HHC. The decision aligned with established precedents, allowing liquidated damages as business expenditure and excluding excise duty and sales tax from total turnover. The Tribunal upheld the inclusion of GST set off and write-off payments in business profits, remanding the matter for net interest income verification and confirming technical drawings income as integral business income. en-us Thu, 13 May 2010 00:00:00 +0530 Sat, 16 Apr 2016 11:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181399 The Tribunal partly allowed the revenue's appeal, directing verification and inclusion of certain incomes in business profits for the purpose of deduction u/s 80HHC. The decision aligned with established precedents, allowing liquidated damages as business expenditure and excluding excise duty and sales tax from total turnover. The Tribunal upheld the inclusion of GST set off and write-off payments in business profits, remanding the matter for net interest income verification and confirming technical drawings income as integral business income. Case-Laws Income Tax Thu, 13 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181399