JEYAR CONSULTANT & INVESTMENT PVT. LTD. vs. COMMISSIONER OF INCOME TAX,MADRAS

dividend, interest etc. which, in no case, be described as “turnover” and be part of “total turnover”. He referred to the same document viz. “Provisions Relating to Direct Taxes” where following clarification also appears: “It is, therefore, proposed to clarify that “profits of the business” for the purpose of Section 80HHC Civil Appeal No. 8912 of 2003 Page