Excise, sales tax will not form part of total turnover Sec. 80HHC

SUPREME COURT OF INDIA Commissioner of Income-tax  v.  Catapharma (India) (P.) Ltd. Appeal (civil) 3204 of 2007 DATE OF JUDGMENT: 23/07/2007 J U D G M E N T CIVIL APPEAL NO. 3204 OF 2007 (Arising out of SLP (C) 12461/2007) Dr. ARIJIT PASAYAT, J. 1. Leave granted. 2. Challenge in this appeal is to the order passed by a Division Bench of the Bombay High Court relating to the question whether sales tax and excise duty form part of the total turnover. Dispute relates to the Assessment year 1997-98. 3. Background facts in a nutshell are as follows: While making assessment under Section 143(3) of...