https://www.taxtmi.com/caselaws?id=3483 The High Court upheld the decision of the Income-tax Appellate Tribunal for the assessment year 1991-92. The Court agreed with the Tribunal's direction to delete the addition of sales tax from the total turnover for deduction under section 80HHC of the Income-tax Act, 1961, citing a relevant precedent. Additionally, the Court supported the Tribunal's decision to delete the value of closing stock, emphasizing the Revenue's burden of proof in valuation matters. The appeal was dismissed based on established legal principles and precedents. en-us Mon, 27 Nov 2006 00:00:00 +0530 Mon, 28 Jul 2008 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3483 The High Court upheld the decision of the Income-tax Appellate Tribunal for the assessment year 1991-92. The Court agreed with the Tribunal's direction to delete the addition of sales tax from the total turnover for deduction under section 80HHC of the Income-tax Act, 1961, citing a relevant precedent. Additionally, the Court supported the Tribunal's decision to delete the value of closing stock, emphasizing the Revenue's burden of proof in valuation matters. The appeal was dismissed based on established legal principles and precedents. Case-Laws Income Tax Mon, 27 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3483