https://www.taxtmi.com/caselaws?id=463280 ITAT, Chennai (AT) held that clause (baa) of the Explanation to s.80HHC applies when computing the s.80HHC deduction for reducing book profits under s.115JA, permitting exclusion of 90% of specified incomes from "profits of business." The bench further held that duty drawback is excluded from "total turnover" for s.80HHC by virtue of the proviso to clause (ba) read with s.28(iiic), while labour charges must be included in "total turnover." The AO's adjustments were upheld. en-us Fri, 08 Mar 2013 00:00:00 +0530 Thu, 21 Aug 2025 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463280 ITAT, Chennai (AT) held that clause (baa) of the Explanation to s.80HHC applies when computing the s.80HHC deduction for reducing book profits under s.115JA, permitting exclusion of 90% of specified incomes from "profits of business." The bench further held that duty drawback is excluded from "total turnover" for s.80HHC by virtue of the proviso to clause (ba) read with s.28(iiic), while labour charges must be included in "total turnover." The AO's adjustments were upheld. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463280