https://www.taxtmi.com/caselaws?id=11352 The court upheld the exclusion of processing charges from profits and turnover under section 80HHC, ruled that turnover should not include all receipts indiscriminately, and concluded that the loss from trading goods cannot be set off against profits from manufactured goods under section 80HHC. The court favored the assessee in all three issues, affirming the Tribunal's decision and dismissing the appeal, emphasizing the specific computation methods and exclusions under section 80HHC. en-us Wed, 12 Mar 2003 00:00:00 +0530 Fri, 07 Aug 2009 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11352 The court upheld the exclusion of processing charges from profits and turnover under section 80HHC, ruled that turnover should not include all receipts indiscriminately, and concluded that the loss from trading goods cannot be set off against profits from manufactured goods under section 80HHC. The court favored the assessee in all three issues, affirming the Tribunal's decision and dismissing the appeal, emphasizing the specific computation methods and exclusions under section 80HHC. Case-Laws Income Tax Wed, 12 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11352