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Section 80HHC -Sales tax & excise duty will not form part of total turnover
Case Law Details
- Case Name
- Commissioner of Income-tax, Chennai Vs Shiva Tex Yarn Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
SUPREME COURT OF INDIA
Commissioner of Income-tax, Chennai
v.
Shiva Tex Yarn Ltd.
CIVIL APPEAL NO. 614 OF 2008
Date of Pronouncement – SEPTEMBER 4, 2012
ORDER
Heard learned counsel on both sides.
This civil appeal filed by the Department concerns Assessment Year 2001-02.
The question involved in this appeal is, whether excise duty and sales tax need to be included in the total turnover in the formula – ‘Business income’ multiplied by ‘export turnover’ and divided by ‘total turnover’ in Section 80HHC(3) of the Income Tax Act, 1961?
This question h...
