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2012 (2) TMI 99 - SUPREME COURTDeduction - Assessee exporter of leather garments - AO denied exemption under 8HHC as sale value of Duty Entitlement Pass Book(DEPB) represents transfer under Section 28(iiid) - CIT(A) affirmed AO - Tribunal relied on decision of M/S Topman Exports(Tribunal Mumbai) and upheld order of CIT - Held That:- Judgement of CIT vs Kalpataru Colours and Chemicals (2010 - TMI - 76895 - BOMBAY HIGH COURT) reversed and M/s Topman Exports (2009 - TMI - 208946 - ITAT MUMBAI) and Ram Honda Power Equip (2007 - TMI - 2891 - HIGH COURT, DELHI was upheld.
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