https://www.taxtmi.com/caselaws?id=12423 HC held for the assessee and against the Revenue, ruling that the statutory formula for deductions under the export-linked provision must confine "total turnover" to the business of goods to which the section applies. The court construed sub-sections to require apportionment between export and non-export receipts only within the covered goods, rejecting inclusion of turnover from goods outside the section's scope. Consequently, export turnover/total turnover ratios and resulting deduction entitlement must be calculated solely with reference to the applicable goods, supporting the Tribunal's order in favor of the assessee. en-us Mon, 04 Mar 2002 00:00:00 +0530 Wed, 01 Oct 2025 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12423 HC held for the assessee and against the Revenue, ruling that the statutory formula for deductions under the export-linked provision must confine "total turnover" to the business of goods to which the section applies. The court construed sub-sections to require apportionment between export and non-export receipts only within the covered goods, rejecting inclusion of turnover from goods outside the section's scope. Consequently, export turnover/total turnover ratios and resulting deduction entitlement must be calculated solely with reference to the applicable goods, supporting the Tribunal's order in favor of the assessee. Case-Laws Income Tax Mon, 04 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12423