https://www.taxtmi.com/caselaws?id=31193 The Revenue's appeal against the ITAT order for the Assessment Year 2003-04 was dismissed by the High Court of Bombay. The court upheld the decisions in favor of the assessee regarding the inclusion of Sales Tax and Central Sales Tax in the turnover for deduction u/s 80 HHC, treating premium on sale of export quota as 'Business Income,' and excluding 90% of interest income from business profit. The judgments were based on previous legal precedents and interpretations of tax laws, resulting in the assessee prevailing on most issues. en-us Fri, 01 Feb 2008 00:00:00 +0530 Wed, 22 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31193 The Revenue's appeal against the ITAT order for the Assessment Year 2003-04 was dismissed by the High Court of Bombay. The court upheld the decisions in favor of the assessee regarding the inclusion of Sales Tax and Central Sales Tax in the turnover for deduction u/s 80 HHC, treating premium on sale of export quota as 'Business Income,' and excluding 90% of interest income from business profit. The judgments were based on previous legal precedents and interpretations of tax laws, resulting in the assessee prevailing on most issues. Case-Laws Income Tax Fri, 01 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31193