https://www.taxtmi.com/caselaws?id=183541 The Tribunal held that the CIT's order under section 263 of the Income-tax Act, 1961, regarding deduction u/s 80HHC for assessment years 1987-88 and 1988-89 was unwarranted. The Tribunal determined that the Assessing Officer's decision aligning with previous Tribunal rulings was correct. It clarified that total turn-over includes all business receipts, not just sales receipts, for calculating the deduction under section 80HHC. Consequently, the CIT's orders were canceled, and the Assessing Officer's decisions were upheld, allowing the appeals of the assessee. en-us Wed, 28 May 1997 00:00:00 +0530 Mon, 13 Jun 2016 18:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183541 The Tribunal held that the CIT's order under section 263 of the Income-tax Act, 1961, regarding deduction u/s 80HHC for assessment years 1987-88 and 1988-89 was unwarranted. The Tribunal determined that the Assessing Officer's decision aligning with previous Tribunal rulings was correct. It clarified that total turn-over includes all business receipts, not just sales receipts, for calculating the deduction under section 80HHC. Consequently, the CIT's orders were canceled, and the Assessing Officer's decisions were upheld, allowing the appeals of the assessee. Case-Laws Income Tax Wed, 28 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183541