Allowing the appeal of the assessee the Court held that excise duty paid by the assessee was to be excluded from the total turnover for purpose of computation of deduction . Followed CIT v. Sudarshan Chemicals Industries Ltd ( 2000) 245 ITR 769 (Bom) (HC) ( AY. 1986 -87)
Standard Batteries Ltd. v. CIT ( 2018) 166 DTR 289 / 255 Taxman 380/ 304 CTR 1(Bom)(HC), www.itatonline.org
S. 80HHC : Export business – Total turn over – Excise duty-Excise duty paid by assessee was to be excluded from the total turnover for purpose of computation of deduction .