https://www.taxtmi.com/caselaws?id=56430 The Tribunal allowed the appeals in part, ruling in favor of the assessee on both issues. Regarding the disallowance of claim under section 80HHC of the IT Act, the Tribunal held that a liberal interpretation should be applied to incentive provisions, allowing the deduction claimed by the assessee. In the matter of including certain items within the term "turnover" for deduction calculation, the Tribunal determined that only the net interest should be considered, directing the AO to adopt this approach. en-us Mon, 06 Oct 1997 00:00:00 +0530 Fri, 03 Dec 2010 16:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56430 The Tribunal allowed the appeals in part, ruling in favor of the assessee on both issues. Regarding the disallowance of claim under section 80HHC of the IT Act, the Tribunal held that a liberal interpretation should be applied to incentive provisions, allowing the deduction claimed by the assessee. In the matter of including certain items within the term "turnover" for deduction calculation, the Tribunal determined that only the net interest should be considered, directing the AO to adopt this approach. Case-Laws Income Tax Mon, 06 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56430