{"id":58135,"date":"2026-01-10T10:01:21","date_gmt":"2026-01-10T04:31:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/west-coast-paper-mills-ltd-v-acit-2024-164-taxmann-com-712-bom-hc\/"},"modified":"2026-01-10T10:01:21","modified_gmt":"2026-01-10T04:31:21","slug":"west-coast-paper-mills-ltd-v-acit-2024-164-taxmann-com-712-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/west-coast-paper-mills-ltd-v-acit-2024-164-taxmann-com-712-bom-hc\/","title":{"rendered":"West Coast Paper Mills Ltd v. ACIT [2024] 164 taxmann.com 712 (Bom.)(HC)"},"content":{"rendered":"<p>For the purpose of computing the deduction under section 80HHC, the High Court held that proceeds from the sale of scrap must be excluded from \u2018<em>total turnover\u2019<\/em>. Relying on the Supreme Court\u2019s judgment in CIT v. Punjab Stainless Steel Industries [2014] 364 ITR 144 (SC), the Court clarified that the term \u2018<em>total turnover\u2019<\/em> in the statutory formula refers to the turnover from the assessee\u2019s principal business activity-in this case, manufactured paper and not ancillary receipts such as those from scrap sales. (AY. 1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC: Export business-Computation of deduction-Turn over-Scrap sale-For purpose of section 80HHC, proceeds of sale of scrap would not form part of total turnover.[S.260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-58135","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f7F","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58135"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58135\/revisions"}],"predecessor-version":[{"id":58136,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58135\/revisions\/58136"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}