https://www.taxtmi.com/caselaws?id=59388 The Tribunal dismissed the appeal of the assessee and partly allowed the appeal of the Revenue. The disallowance of expenses due to alleged inflation in the cost of production of carburetors was deleted, following precedents. Sales-tax and excise duty were excluded from total turnover for deduction under Section 80HHC. The adjustment of sale of scrap and labor charges for deduction under Section 80HHC was upheld, except for labor charges. Compensation for TCA violation was deemed non-taxable, while interest awarded by ICA was held taxable as revenue. en-us Mon, 16 Mar 2009 00:00:00 +0530 Thu, 08 Sep 2016 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59388 The Tribunal dismissed the appeal of the assessee and partly allowed the appeal of the Revenue. The disallowance of expenses due to alleged inflation in the cost of production of carburetors was deleted, following precedents. Sales-tax and excise duty were excluded from total turnover for deduction under Section 80HHC. The adjustment of sale of scrap and labor charges for deduction under Section 80HHC was upheld, except for labor charges. Compensation for TCA violation was deemed non-taxable, while interest awarded by ICA was held taxable as revenue. Case-Laws Income Tax Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59388