2009 (3) TMI 585

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..... td. [2007 -TMI - 4036 - MADRAS HIGH COURT], it was held that conversion charges have to be excluded from the turnover for the purpose of calculation of deduction under section 80HHC of the Act. - - - - - Dated:- 30-3-2009 - RAVIRAJA PANDIAN K., JANARTHANA RAJA P. P. S. JJ JUDGMENT K. Raviraja Pandian J. -This appeal is at the instance of the Revenue against the .....

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..... cluding conversion charges in the total turnover. Subsequent to this, the Assessing Officer issued a notice under section 154 of the Act proposing to rectify the assessment in respect of certain mistakes in the computation of deduction under sections 80-I and 80HHC of the Act. Regarding section 80HHC of the Act, the Assessing Officer observed that by mistake the gross receipts of conversion charge .....

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..... Tribunal dismissed the Revenue's appeal by following the judgment of a Division Bench of this court in the case of CIT v. Madras Motors Ltd./M. M. Forgings Ltd. [2002] 257 ITR 60 (Mad). Aggrieved by the order, the Revenue is before us. 3. This appeal was admitted on June 13, 2005, on the following substantial question of law : "Whether, on the facts and in the circumstances of the case, t .....

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