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2014 (1) TMI 241 - ITAT MUMBAIWhether profit on the sale of the DEPB be considered as income u/s 80HHC - Held that:- The decision by the hon'ble jurisdictional High Court in the case of CIT vs. Kalpataru Colours & Chemicals [2010 (6) TMI 63 - BOMBAY HIGH COURT] has been reversed by the hon'ble Supreme Court in the case of Topman Exports vs. CIT [2012 (2) TMI 100 - SUPREME COURT OF INDIA] - The issue was restored for fresh adjudication to be decided in the light of the decision of apex court. Deduction u/s 80HHC - Held that:- The issue was decided with reference to CIT vs. Kalpataru Colours & Chemicals [2010 (6) TMI 63 - BOMBAY HIGH COURT] - The said decision has been reveresed - The issue is restored for fresh adjudication.
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