https://www.taxtmi.com/caselaws?id=468012 Indirect taxes collected as sales tax and excise duty are excluded from total turnover for computing export deduction under section 80HHC because turnover must reflect commercial sale consideration only. Exchange fluctuation gain arising from export realisation is treated as part of export sale proceeds when linked to receipt of foreign currency, and is attributable to the undertaking for section 80IB. TDS deducted from royalty payment does not change the nature of the royalty expense and is not, by itself, a disallowable tax component under the relevant provision. The analysis concludes that these principles support the assessee's claim on all three issues. en-us Thu, 01 Apr 2010 00:00:00 +0530 Mon, 13 Apr 2026 14:54:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468012 Indirect taxes collected as sales tax and excise duty are excluded from total turnover for computing export deduction under section 80HHC because turnover must reflect commercial sale consideration only. Exchange fluctuation gain arising from export realisation is treated as part of export sale proceeds when linked to receipt of foreign currency, and is attributable to the undertaking for section 80IB. TDS deducted from royalty payment does not change the nature of the royalty expense and is not, by itself, a disallowable tax component under the relevant provision. The analysis concludes that these principles support the assessee's claim on all three issues. Case-Laws Income Tax Thu, 01 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468012