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2008 (11) TMI 80 - HC - Income TaxAssessee claim special deduction u/s 80HHC - held that 90% of interest on belated payment by customers had to be reduced for calculation of profits and gains of business - Tribunal was correct in holding that the sales tax and excise duty were not includible in total turnover for computing deduction under section 80HHC – in respect of deduction under section 80M, held that proportionate management expenses had to be deducted form gross dividend – revenue’s appeal is partly allowed
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