https://www.taxtmi.com/caselaws?id=187002 The High Court of Bombay upheld the interpretation that 90% of net receipts should be reduced for computing the deduction under section 80HHC for labor charges in business profits calculation, disregarding clause (baa) of the explanation. The appeal by the Revenue for Assessment Year 1994-95 was dismissed, in line with the consistent view taken in appeals for subsequent assessment years. en-us Fri, 19 Mar 2010 00:00:00 +0530 Thu, 06 Oct 2016 13:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187002 The High Court of Bombay upheld the interpretation that 90% of net receipts should be reduced for computing the deduction under section 80HHC for labor charges in business profits calculation, disregarding clause (baa) of the explanation. The appeal by the Revenue for Assessment Year 1994-95 was dismissed, in line with the consistent view taken in appeals for subsequent assessment years. Case-Laws Income Tax Fri, 19 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187002