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2010 (4) TMI 153 - HC - Income TaxDeduction under section 80HHC - whether 90 per cent. of the recovery of freight, insurance and packing receipts ; sales tax set off/refund and service income are liable to be excluded from the profits of business in view of Explanation (baa) to section 80HHC? Held that- In the light of the decision of CIT v. K. Ravindranathan Nair(2007 -TMI - 2378 - Supreme Court of India), 90 percent of recovery of freight, insurance and packing receipts amounting to Rs. 49,14,076, sales tax set off/refund amounting to Rs. 38,33,148 and service income of Rs. 2,89,17,545 had to be excluded for the purpose of computation of special deduction under section 80HHC.
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