https://www.taxtmi.com/caselaws?id=59766 Whether excise duty and sales tax should be excluded from "total turnover" while computing deduction under s. 80HHC(3)(c)(i) was the dominant issue. Applying the restrictive construction adopted in binding HC authorities, the Tribunal held that although such levies may form part of turnover in general commercial parlance, for s. 80HHC the formula must use only sale consideration having an element of profit; excise duty and sales tax, being statutory collections without profit element, cannot inflate the denominator. Consequently, the AO was directed to recompute s. 80HHC deduction by taking export turnover and total turnover net of excise duty and sales tax. en-us Mon, 29 Jul 2002 00:00:00 +0530 Mon, 12 Jan 2026 12:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59766 Whether excise duty and sales tax should be excluded from "total turnover" while computing deduction under s. 80HHC(3)(c)(i) was the dominant issue. Applying the restrictive construction adopted in binding HC authorities, the Tribunal held that although such levies may form part of turnover in general commercial parlance, for s. 80HHC the formula must use only sale consideration having an element of profit; excise duty and sales tax, being statutory collections without profit element, cannot inflate the denominator. Consequently, the AO was directed to recompute s. 80HHC deduction by taking export turnover and total turnover net of excise duty and sales tax. Case-Laws Income Tax Mon, 29 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59766