2005 (8) TMI 704

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....ls) has, relying upon an order passed by the Tribunal in the case of CIT Vs. Sudarshan Chemicals Industries Ltd., 245 ITR 769, held that sales tax and excise duty did not form part of the total turnover of the assessee in the context of the deductions admissible under Section 80HHC of the Income-tax Act, 1961. A similar view appears to have been taken by the High Courts of Calcutta, Kerala and Mad....

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....of the order passed by the Assessing Officer would show that the assessee had, during the course of the assessment proceedings, in writing claimed that the turnover figure as per profit and loss account for the year 1994-95 included the excise duty of Rs. 2,41,19,042/- and sales tax of Rs. 49,07,992/-. This amount had, therefore, to be deducted out of the total turnover while granting deductions u....