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Commissioner of Income Tax Versus Deversons Industries Ltd.

2016 (9) TMI 61 - GUJARAT HIGH COURT

Computation of “total turnover” for the purposes of reduction u/s 80HHC - whether will not include Sales Tax and Excise Duty even after insertion of Section 145A? - Held that:- Applying the ratio of law laid down by the Honble Supreme Court in the ca .....

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to be excluded for the purpose of computation of deduction u/s. 80HHC. - Decided in favour of the assessee. Also see Commissioner of Income Tax Versus Pogagen Amp Nagarsheth Powertronics Ltd. [2014 (3) TMI 934 - GUJARAT HIGH COURT ] - Tax Appeal No. .....

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order passed by the Income Tax Appellate Tribunal, Ahmedabad Bench A (hereinafter referred to as the Tribunal ) dated 18.08.2006 in ITA No. 2017/Ahd/2004 for the Assessment Year 2000-01 respectively, the revenue has preferred the present Tax Appeal. .....

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f reduction u/s 80HHC will not include Sales Tax and Excise Duty even after insertion of Section 145A? 2. The assessee filed its return of income for the assessment year in question and during the course of assessment , the assessing officer observed .....

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ould not be included in the total turnover for the purpose of calculating deduction u/s 80HHC. The Assessing Officer finally calculated the turnover of the assessee at ₹ 22,99,07,784/- by including the amount of sales tax of ₹ 32,18,285 a .....

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the findings of CIT(A). Being aggrieved and dissatisfied with the impugned order passed by the Tribunal, the assessee has preferred the present Tax Appeal for consideration of the aforesaid substantial question of law. 4. Ms. Mauna Bhatt, learned adv .....

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equired to be included in the turnover. 5. The issue involved in this appeal is squarely covered by a decision of this Court dated 03.12.2013 rendered in Tax Appeal No. 884 of 2006 wherein this court has held as under: [4.0] Applying the ratio of law .....

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