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diesel and electricity, salary, PF, bonus and other items. Though the turnover had decreased, the production was higher as shown by the higher closing stock ... establishment. Even though turnover did not increase, the closing stock had increased and the GP rate had not decreased. In these

scrap has been ordered to be excluded from the total I turnover of the assessee for computation of deduction under Section '80HHC ... scrap will not be included in the profit of the business, thus, decreasing the deduction under Section 80HHC as the numerator shall be reduced