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2009 (3) TMI 585 - MADRAS HIGH COURTConversion charges - only job work receipts which could not be considered as turnover - Assessing Officer held that the receipts had the character of turnover and, therefore, included the conversion charges in the total turnover - in the case of CIT v. Metal Powder Co. Ltd. [2007 -TMI - 4036 - MADRAS HIGH COURT], it was held that conversion charges have to be excluded from the turnover for the purpose of calculation of deduction under section 80HHC of the Act.
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