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2010 (1) TMI 789 - AT - Income TaxWhether duty draw back can be considered as income derived from the industrial undertaking itself for the purpose of computing relief u/s 80I - Held that:- duty draw back and DEPB cannot be considered as income derived from industrial undertaking for the purpose of computing relief u/s 80I. [Liberty India (2009 - TMI - 34471 - SUPREME COURT)] Rectification of mistake u/s 254(2) - held that:- In this case on hand, the Hon'ble Supreme Court has laid down the principle of law which is applicable across the Board Application of these principles of law needs no factual verification as there is no dispute on facts. Thus, even going by the decision of the Apex Court in the case of Mepco Industries Ltd. (2009 -TMI - 35015 - SUPREME COURT), the Miscellaneous Application of the Revenue has to be allowed.
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