https://www.taxtmi.com/caselaws?id=282343 The Tribunal ruled in favor of the assessee, stating that excise duty and sales tax should not be included in the total turnover for computing deduction under section 80HHC. Regarding interest income and miscellaneous receipts, the Tribunal directed the Assessing Officer to reevaluate the interest income's nexus with export activity and exclude certain items like freight recovery and insurance claims from the deduction calculation under Explanation (baa). The Tribunal's decision required a reassessment by the Assessing Officer to align with the Tribunal's findings for the deduction under section 80HHC. en-us Thu, 22 Jul 2004 00:00:00 +0530 Sat, 03 Aug 2019 16:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282343 The Tribunal ruled in favor of the assessee, stating that excise duty and sales tax should not be included in the total turnover for computing deduction under section 80HHC. Regarding interest income and miscellaneous receipts, the Tribunal directed the Assessing Officer to reevaluate the interest income's nexus with export activity and exclude certain items like freight recovery and insurance claims from the deduction calculation under Explanation (baa). The Tribunal's decision required a reassessment by the Assessing Officer to align with the Tribunal's findings for the deduction under section 80HHC. Case-Laws Income Tax Thu, 22 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282343