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2012 (8) TMI 228 - AT - Income TaxClaim for deduction u/s 80HHC of the Income-tax Act - in relation to the DEPB amount – alleged that assessee not fulfilled the conditions stipulated in the said third proviso to sec. 80HHC(3) of the Act – Held that:- Assessee will be liable to tax and will be entitled to exemption from tax according to the strict language of the taxing statute and if as per the words used in explanation (baa) to Section 80HHC read with the words used in clauses (iiid) and (iiie) of Section 28 - Assessing Officer is directed to compute the deduction under Section 80HHC in the case of the appellants in accordance with the judgment in the case of Topman Exports (2009 (8) TMI 827 - ITAT MUMBAI ) - assessee are allowed for statistical purposes.
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