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2002 (5) TMI 220 - AT - Income TaxExtract: ....... 80HHC (4B). The High Court has observed that definition given in Explanation (ba) is in negative manner and excluded only freight and insurance and total turnover shall be calculated from all such receipts which have an element of profit in it. In view of this decision, also, we uphold the order of CIT. 12. In the result, appeal is partly allowed.
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