https://www.taxtmi.com/caselaws?id=200654 The Court ruled in favor of the assessee regarding the eligibility of income from exchange gain for deduction under section 80HHC, citing precedent. The issue of duty draw back/export incentives for deduction under sections 80IB/80HHC was not addressed. Income earned from the sale of scrap was excluded for deduction under section 80HHC, following precedent. The eligibility of scrap income for deduction under sections 80IB/80HHC was determined based on previous decisions. Treatment of excise duty and sales tax in total turnover calculation for deduction under section 80HHC favored the assessee. Deduction for belated payments of PF & ESIC was allowed for the employer's contribution but not for the employee's contribution, based on specific circumstances and legal provisions. en-us Wed, 19 Mar 2014 00:00:00 +0530 Wed, 11 Apr 2018 08:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200654 The Court ruled in favor of the assessee regarding the eligibility of income from exchange gain for deduction under section 80HHC, citing precedent. The issue of duty draw back/export incentives for deduction under sections 80IB/80HHC was not addressed. Income earned from the sale of scrap was excluded for deduction under section 80HHC, following precedent. The eligibility of scrap income for deduction under sections 80IB/80HHC was determined based on previous decisions. Treatment of excise duty and sales tax in total turnover calculation for deduction under section 80HHC favored the assessee. Deduction for belated payments of PF & ESIC was allowed for the employer's contribution but not for the employee's contribution, based on specific circumstances and legal provisions. Case-Laws Income Tax Wed, 19 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200654