https://www.taxtmi.com/caselaws?id=14785 HC held that reassortment charges, labour charges, commission, interest, rent and similar receipts are not part of sale proceeds and therefore cannot be included in business profits or total turnover for computing export profits under the export-deduction formula. The court found the Legislature intended both numerator and denominator to reflect sale proceeds only, and clarified that freight/insurance were excluded from total turnover (remedying pre-1992 distortions). The anomaly after April 1, 1992 was removed; consequently the appeal was allowed with no order as to costs. en-us Mon, 31 Jul 2000 00:00:00 +0530 Tue, 07 Oct 2025 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14785 HC held that reassortment charges, labour charges, commission, interest, rent and similar receipts are not part of sale proceeds and therefore cannot be included in business profits or total turnover for computing export profits under the export-deduction formula. The court found the Legislature intended both numerator and denominator to reflect sale proceeds only, and clarified that freight/insurance were excluded from total turnover (remedying pre-1992 distortions). The anomaly after April 1, 1992 was removed; consequently the appeal was allowed with no order as to costs. Case-Laws Income Tax Mon, 31 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14785