https://www.taxtmi.com/caselaws?id=10394 The court held that excise duty and sales tax should not be included in the total turnover for computing the deduction under section 80HHC of the Income-tax Act, 1961. The court ruled in favor of the assessee, rejecting the Department's argument that these should be included in total turnover. The decision was based on the interpretation of section 80HHC, which aims to encourage exports by focusing on profits derived from exports. The court's conclusion aligned with previous decisions by the Bombay, Calcutta, and Kerala High Courts, emphasizing that excise duty and sales tax do not contain a profit element and should therefore be excluded from total turnover calculations. en-us Tue, 21 Sep 2004 00:00:00 +0530 Wed, 15 Jul 2009 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10394 The court held that excise duty and sales tax should not be included in the total turnover for computing the deduction under section 80HHC of the Income-tax Act, 1961. The court ruled in favor of the assessee, rejecting the Department's argument that these should be included in total turnover. The decision was based on the interpretation of section 80HHC, which aims to encourage exports by focusing on profits derived from exports. The court's conclusion aligned with previous decisions by the Bombay, Calcutta, and Kerala High Courts, emphasizing that excise duty and sales tax do not contain a profit element and should therefore be excluded from total turnover calculations. Case-Laws Income Tax Tue, 21 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10394