https://www.taxtmi.com/caselaws?id=12071 HC upheld the Tribunal's factual finding that receipts labelled as labour/processing charges arose from the assessee's manufacturing activity and therefore formed part of business turnover for computing export profits under s. 80HHC. The court held Explanation (baa) excludes only receipts without an element of turnover (e.g., pure rent, interest, commission) but does not automatically apply to labour/job-work charges where those receipts are operating income linked to manufacture and related expenses are reflected in the profit and loss account. Question answered in favour of the assessee and against the Department. en-us Wed, 15 Jan 2003 00:00:00 +0530 Mon, 29 Sep 2025 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12071 HC upheld the Tribunal's factual finding that receipts labelled as labour/processing charges arose from the assessee's manufacturing activity and therefore formed part of business turnover for computing export profits under s. 80HHC. The court held Explanation (baa) excludes only receipts without an element of turnover (e.g., pure rent, interest, commission) but does not automatically apply to labour/job-work charges where those receipts are operating income linked to manufacture and related expenses are reflected in the profit and loss account. Question answered in favour of the assessee and against the Department. Case-Laws Income Tax Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12071