Only operational income related with main business activity of assessee will qualify for deduction u/s 80HHC

Brief of the case: Madras High Court held in CIT Vs Funskool (I) Ltd (Madras High Court) that for calculating the cost of the finished product the process of designing or stickering which had been used to design or give a final look to the finished product which was finally sold in the market should also be included in the total cost of final product not under the advertisement cost. Facts of the case: Assessee used to manufacture the toys and used to put sticker of “MRF“ on the toys due to which the value of toys got enhanced. Moreover the stickering process involves machines and man powe...