persons
involved in the export business. Section 80HHC(3)(b) provided the formula
for the computation of deduction for persons who do not have business ... deductions under Section 80HHC are to be calculated. The formula
prescribed by CBDT circular is as follows:
|Profit of the |X |Export Turnover |
|Business | | |
| | |Total
principles as laid down
for intra-state transmission charges.
Surcharge formula:
S = T - [C (1+L/100) + D]
S is the surcharge ... principles as laid down
for intra-State transmission charges.
Surcharge formula:
S = T - [C(1+L/100) + D]
Where
S is the surcharge
same. According to the
Appellant, the State Commission completely ignored the formula
provided for determination of cross-subsidy surcharge in the
National Tariff Policy ... imposing the cross-subsidy surcharge
contrary to the provisions of and the formula
prescribed in the National Tariff Policy?"
Page 12 of 98
Appeal
often have significant stand-alone functionality include software, biological compounds or drug formulas, and completed media content (for example, films, television shows and music recordings
5635/DEL/2010 &
1191/Del/2012
Further, as per the aforesaid formula, the entire profits of the
business are to be taken which ... 801B of the Act.
However, there is, as stated supra, no similar formula prescribed in
sections 80lA/ 80IB to arrive at the profits derived from
urged that it would be permissible for the
State to prescribe a formula on the basis of a fixed percentage
of the value ... deducted from the value of the
works contract and that the said formula need not be uniform for
all works contracts and may depend
goods and
merchandise are entitled for deduction. Section 80HHC
specifically prescribes a formula or method for computing the
said deduction in sub-section (3), which ... such goods, bears to the total turnover of business.
A separate formula is prescribed under clause (b) of
sub-section (3) to Section 80HHC
incorrect; and the corresponding
purchase turnover is arrived at by adopting a formula not
prescribed under the Act, referring to the purchase turnover of
kapas
Tata Sons Limited And Anr vs The State Of Maharashtra And Anr on 20 January
examiners and this was sought to be minimised
by applying the scaling formula. If scaling
method had not been used, only those
candidates whose answersheets ... secured higher marks in the
written examination, even by applying the
scaling formula, he would still be benefitted.
32. The Division Bench of the High
