Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2007 (7) TMI 203 - SC - Income Tax
Whether sales tax and excise duty form part of the total turnover - Assessing Officer included excise duty and sales tax on the total turnover for computing the deduction under section 80HHC(3)(b) - It is important to bear in mind that excise duty and sales tax are indirect taxes. They are recovered by the assessee on behalf of the Government. Therefore, if they are made relatable to exports, the formula u/s 80HHC; would become unworkable - revenue's appeal dismissed