https://www.taxtmi.com/caselaws?id=3170 Sales tax and Central sales tax are not included in total turnover for computing deduction under section 80HHC, following the court's earlier binding view, so this issue was resolved against the Revenue. Under clause (baa) of the Explanation, the 90 per cent exclusion applies only to receipts actually included in business profits under the head of business income; where interest and portfolio income are assessed as income from other sources, no such reduction is made for section 80HHC purposes. Rental income was also addressed on the same footing as non-business receipt treatment was in issue. The result was mixed, with one issue favouring the assessee and the other favouring the Revenue. en-us Wed, 02 May 2007 00:00:00 +0530 Wed, 30 Jul 2008 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3170 Sales tax and Central sales tax are not included in total turnover for computing deduction under section 80HHC, following the court's earlier binding view, so this issue was resolved against the Revenue. Under clause (baa) of the Explanation, the 90 per cent exclusion applies only to receipts actually included in business profits under the head of business income; where interest and portfolio income are assessed as income from other sources, no such reduction is made for section 80HHC purposes. Rental income was also addressed on the same footing as non-business receipt treatment was in issue. The result was mixed, with one issue favouring the assessee and the other favouring the Revenue. Case-Laws Income Tax Wed, 02 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3170