https://www.taxtmi.com/caselaws?id=331852 The Court upheld the lower authorities' decisions regarding the exclusion of Excise refund and insurance claim for deduction under Section 80HHC. It was held that 90% exclusion was not required, and the receipts actually included in profits should be deducted. The Court ruled in favor of the Department, stating that the Excise refund and insurance claim should not be excluded while computing the deduction under Section 80HHC. The Tax Appeal was disposed of accordingly, based on legal principles and previous court decisions. en-us Tue, 26 Jul 2016 00:00:00 +0530 Sat, 03 Sep 2016 09:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331852 The Court upheld the lower authorities' decisions regarding the exclusion of Excise refund and insurance claim for deduction under Section 80HHC. It was held that 90% exclusion was not required, and the receipts actually included in profits should be deducted. The Court ruled in favor of the Department, stating that the Excise refund and insurance claim should not be excluded while computing the deduction under Section 80HHC. The Tax Appeal was disposed of accordingly, based on legal principles and previous court decisions. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331852