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TMI Blog2009 (4) TMI 469X X X X Extracts X X X X X X X X Extracts X X X X ..... 13, 2004made in I. T. A. No. 2458/Mds/1994 for the assessment year 1991-92. 2. The Assessing Officer, while completing the assessment of the assessee company for the assessment year 1991-92, found that the assessee has not taken into account the conversion charges received to the figure of the total turnover. The assessee's objection was that the conversion charges were only job work rece ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct in I. T. A. No. 1544/Mds/97 datedJune 28, 2004. The correctness of the same is canvassed before this court. 3. Learned counsel for the Revenue submitted that the issue is already decided by this court against the Revenue in the case of CIT v. Metal Powder Co. Ltd. [2008] 300 ITR 48. 4. We heard the learned counsel on either side and perused the materials available on record and gone th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... laneous income and commission do not form part of the turnover for the purpose of calculation of deduction under section 80HHC of the Act. Applying the above ratio to the facts of the case, we are of the view that the conversion charges have to be excluded from the business profit for the purpose of calculation of deduction under section 80HHC of the Act. 5. The issue involved in the prese ..... X X X X Extracts X X X X X X X X Extracts X X X X
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