https://www.taxtmi.com/caselaws?id=34171 The court ruled in favor of the assessee on the first three substantial questions of law regarding the inclusion of sales tax in total turnover for deductions under section 80HHC, the treatment of local sales amount in total turnover, and the taxability of interest accrued but not due under the mercantile system of accounting. However, the court sided with the Revenue on the fourth issue, holding that the benefit under section 80HH is limited to ten consecutive assessment years, denying the extension to an 11th year. The appeal was allowed with no costs. en-us Wed, 12 Nov 2008 00:00:00 +0530 Sun, 02 May 2010 22:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34171 The court ruled in favor of the assessee on the first three substantial questions of law regarding the inclusion of sales tax in total turnover for deductions under section 80HHC, the treatment of local sales amount in total turnover, and the taxability of interest accrued but not due under the mercantile system of accounting. However, the court sided with the Revenue on the fourth issue, holding that the benefit under section 80HH is limited to ten consecutive assessment years, denying the extension to an 11th year. The appeal was allowed with no costs. Case-Laws Income Tax Wed, 12 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34171