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2011 (2) TMI 134 - HC - Income TaxProfit U/s 28(iiid) and 28(iiie) - Deduction - Sale consideration inclusive of face value of DEPB and premium amount received - Deduction under Section 80HHC - The matter is covered in favour of the revenue by orders of this Court, CIT v. M/s Victor Forgings and CIT v. F.C. Sondhi (2010 - TMI - 203399 - PUNJAB AND HARYANA HIGH COURT), wherein after noticing the judgment of the Bombay High Court in CIT v. Kalpataru Colours & Chemicals (2010 - TMI - 76895 - BOMBAY HIGH COURT), the matter was remanded to the Tribunal for fresh decision in accordance with law
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