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2011 (1) TMI 765 - HC - Income TaxDeduction u/s 80 HHC - allowing deduction on the face value of DEPB in the case where turnover exceeds Rs.10 crores - the matter is covered in favour of the revenue by orders of this Court, 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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