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2011 (1) TMI 749 - HC - Income TaxDEPB scheme - Whether profit means the difference between the sale price of DEPB and the face value of DEPB ignoring the fact that the entire amount represents the profit in the hands of assessee - 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 - Decided against the assessee
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