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2015 (6) TMI 496 - AT - Income TaxClaim of deduction u/s.80HHC on the DEPB income - Held that:- Respectfully following the judgment of Topman Exports vs. CIT (2012 (2) TMI 100 - SUPREME COURT OF INDIA) and Avani Exports and Others vs. CIT (2012 (7) TMI 190 - GUJARAT HIGH COURT ), we hereby set aside the order of the ld.CIT(A) and direct the AO to allow the claim of the assessee u/s.80HHC of the Act in respect of DEPB income and re-compute the deduction in the light of the above judgements of the Hon’ble Apex Court and Hon’ble Jurisdictional High Court. - Decided in favour of assessee.
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