2000 (8) TMI 75

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..... e assessment year 1989-90. The assessee is a manufacturer, trader and exporter of diamonds. While calculating the deduction under section 80HHC(3), the assessee included labour charges, assistance and service charges as also interest in the business profits while applying the formula: Business profits X Export turnover/Total turnover. The Assessing Officer rejected the calculations submitted by th .....

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