https://www.taxtmi.com/caselaws?id=10477 The court held that freight and insurance beyond the customs point should be excluded from export turnover and not from direct costs when calculating deductions under section 80HHC. The Assessing Officer was directed to assess accordingly, affirming the appellant's position and clarifying the distinction between export turnover and total turnover in determining profits derived from export. en-us Tue, 14 Dec 2004 00:00:00 +0530 Thu, 16 Jul 2009 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10477 The court held that freight and insurance beyond the customs point should be excluded from export turnover and not from direct costs when calculating deductions under section 80HHC. The Assessing Officer was directed to assess accordingly, affirming the appellant's position and clarifying the distinction between export turnover and total turnover in determining profits derived from export. Case-Laws Income Tax Tue, 14 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10477