Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (1) TMI 38 - HC - Income TaxDeduction u/s 80IB – export incentives – tribunal allowed the claim of deduction u/s 80IB in respect of incentives received of Rs.1.17 crores (consisting of Duty Drawback of Rs.81.51 lacs, Export Entitlement of Rs.8.29 lacs, Rs.14.76 lacs being DEPB licence and Exchange rate difference of Rs.13.22 lac) – held that - , following the judgment of the Supreme Court in Liberty India (2009 -TMI - 34471 - SUPREME COURT), we set aside the judgment of the tribunal in so far as the tribunal has allowed the claim of deduction under Section 80IB in respect of (1) duty draw back; (2) export entitlement; and (3) DEPB license. The judgment of the tribunal is affirmed in so far as the claim of deduction under the head of exchange rate difference is concerned
|