Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (1) TMI 723 - HC - Income TaxDEPB - Allowing deduction u/s 80HHC on the face value of DEPB where turnover exceeds Rs.10 crores - Incorporating the entire DEPB amount computation of business profit u/s 28(iiib) - Hence, the matter is covered in favour of the revenue by orders of this Court date(CIT v. M/s Victor Forgings) and ITA No. 299 of 2010 (CIT v. F.C. Sondhi) wherein after noticing the judgment of Bombay High Court in CIT v. Kalpataru Colours & Chemicals, the matter was remanded to the Tribunal for fresh decision in accordance with law.
|