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2013 (12) TMI 842 - HC - Income TaxDeduction under Section 80HHC on sale of DEPB - Held that:- allowance of relief under Section 80HHC(3)of the Act only the profit and not entire sales proceeds arising out of the DEPB is required to be reduced / considered. - Applying the law laid down by the Hon’ble Supreme Court in the case of Topman Exports (Topman Exports), the question raised / formulated in the present appeals is answered in favour of assessee.
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