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2018 (9) TMI 1472 - HC - Income TaxDeduction under Section 80HHC - amount of profits from sale of office waste and scrap to be treated as part of the business profits for the purpose - Held that:- As in the case of Commissioner of Income Tax-VII vs. Punjab Stainless Industries [2014 (5) TMI 238 - SUPREME COURT] for the purpose of calculating the deduction, according to the provisions of Section 80HHC of the Act, one has to take into account, the profits of the business of assessee, export turnover and total turnover and the deduction, subject to several other conditions, incorporated in the section, is determined as profits of the business X export turnover/total turnover. - Decided in favour of the assessee
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