2005 (8) TMI 704

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..... udarshan Chemicals Industries Ltd., 245 ITR 769, held that sales tax and excise duty did not form part of the total turnover of the assessee in the context of the deductions admissible under Section 80HHC of the Income-tax Act, 1961. A similar view appears to have been taken by the High Courts of Calcutta, Kerala and Madras in CIT Vs. Chloride India Ltd., 256 ITR 625, CIT Vs. Bharat Earth. Mr. .....

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..... had, during the course of the assessment proceedings, in writing claimed that the turnover figure as per profit and loss account for the year 1994-95 included the excise duty of ₹ 2,41,19,042/- and sales tax of ₹ 49,07,992/-. This amount had, therefore, to be deducted out of the total turnover while granting deductions under Section 80HHC. The CIT (Appeals) and the Tribunal have, in th .....

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