https://www.taxtmi.com/caselaws?id=3202 The Supreme Court addressed two issues in this case. Firstly, it clarified that excise duty, sales tax, and conversion charges should not be included in turnover for deduction under Section 80HHC. Secondly, it upheld the treatment of additional liability due to exchange fluctuation as revenue expenditure. The Revenue's appeals were dismissed as no substantial questions of law were found to arise. The High Court concurred with the Tribunal's decisions, citing relevant precedent. The judgment was delivered by Justice P.P.S. Janarthana Raja, with costs not awarded. en-us Mon, 11 Jun 2007 00:00:00 +0530 Thu, 16 Jul 2009 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3202 The Supreme Court addressed two issues in this case. Firstly, it clarified that excise duty, sales tax, and conversion charges should not be included in turnover for deduction under Section 80HHC. Secondly, it upheld the treatment of additional liability due to exchange fluctuation as revenue expenditure. The Revenue's appeals were dismissed as no substantial questions of law were found to arise. The High Court concurred with the Tribunal's decisions, citing relevant precedent. The judgment was delivered by Justice P.P.S. Janarthana Raja, with costs not awarded. Case-Laws Income Tax Mon, 11 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3202