https://www.taxtmi.com/caselaws?id=31271 The court addressed the exclusion of 90% of income from the total profits of the assessee under Section 80HHC of the Income Tax Act. It emphasized the need for a factual assessment to determine eligible export profit realistically, based on specific criteria such as the nature of charges received. The judgment clarified that charges should only be excluded if they are akin to specified items like brokerage, commission, interest, or rent, ensuring a non-distorted calculation of export profit. The matter was remanded for further investigation and fresh orders to accurately determine the inclusion or exclusion of receipts for calculating export profit under the Income Tax Act. en-us Mon, 03 Mar 2008 00:00:00 +0530 Sat, 25 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31271 The court addressed the exclusion of 90% of income from the total profits of the assessee under Section 80HHC of the Income Tax Act. It emphasized the need for a factual assessment to determine eligible export profit realistically, based on specific criteria such as the nature of charges received. The judgment clarified that charges should only be excluded if they are akin to specified items like brokerage, commission, interest, or rent, ensuring a non-distorted calculation of export profit. The matter was remanded for further investigation and fresh orders to accurately determine the inclusion or exclusion of receipts for calculating export profit under the Income Tax Act. Case-Laws Income Tax Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31271