https://www.taxtmi.com/caselaws?id=9478 The High Court of MADRAS ruled in favor of the assessee, holding that sales tax, excise duty, sales of raw materials, charges of miscellaneous income, and commission should not be included in turnover for the purpose of calculating deduction under section 80HHC of the Income-tax Act. The court emphasized that the objective of section 80HHC is to promote exports and including non-profit elements in turnover would defeat this purpose. The court cited previous decisions supporting this interpretation and dismissed the appeals raised by the Revenue, with no costs awarded. en-us Wed, 26 Oct 2005 00:00:00 +0530 Thu, 03 Apr 2014 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9478 The High Court of MADRAS ruled in favor of the assessee, holding that sales tax, excise duty, sales of raw materials, charges of miscellaneous income, and commission should not be included in turnover for the purpose of calculating deduction under section 80HHC of the Income-tax Act. The court emphasized that the objective of section 80HHC is to promote exports and including non-profit elements in turnover would defeat this purpose. The court cited previous decisions supporting this interpretation and dismissed the appeals raised by the Revenue, with no costs awarded. Case-Laws Income Tax Wed, 26 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9478