https://www.taxtmi.com/caselaws?id=330875 The court upheld the Income Tax Appellate Tribunal's decision to exclude excise duty and sales tax from the total turnover for section 80-HHC deductions, citing precedents that these taxes should not be considered part of turnover. Additionally, the court affirmed the Tribunal's treatment of trial run expenses as revenue expenditure, following a previous ruling that such expenses incurred before commercial production can be considered revenue if they do not create lasting assets. Consequently, both issues were decided in favor of the assessee, leading to the dismissal of the appeals and confirmation of the Tribunal's orders. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sun, 07 Aug 2016 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330875 The court upheld the Income Tax Appellate Tribunal's decision to exclude excise duty and sales tax from the total turnover for section 80-HHC deductions, citing precedents that these taxes should not be considered part of turnover. Additionally, the court affirmed the Tribunal's treatment of trial run expenses as revenue expenditure, following a previous ruling that such expenses incurred before commercial production can be considered revenue if they do not create lasting assets. Consequently, both issues were decided in favor of the assessee, leading to the dismissal of the appeals and confirmation of the Tribunal's orders. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330875