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2010 (12) TMI 959 - HC - Income TaxDeduction u/s 80HHC on the face value of DEPB allowed in the case where turnover exceeds Rs.10 crores in view of second, third and fourth provisos to sub-section (3) of section 80HHC inserted by the Taxation Laws (Amendment) Act, 2005 with retrospective effect from 01.04.1998 - Held that:- As identical appeal being Commissioner of Income-tax v. M/s F.C. Sondhi and Company (P) Ltd.(2010 (8) TMI 420 - PUNJAB AND HARYANA HIGH COURT) filed by the revenue was allowed by this Court and the matter remanded to the Tribunal. Accordingly, this appeal is disposed of in same terms.
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