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2009 (7) TMI 19 - HC - Income TaxDeduction u/s 80IB – Duty Drawback and Premium on DEPB – ITAT hold that the appellant was not entitled to the deduction u/s 80IB in respect of profits and gains arising on account of duty drawback and premium on DEPB which is intrinsically related/connected to the business profits of the industrial undertaking – ITAT order upheld by following the decision in the matters of India v. Commissioner of Income Tax[2007 -TMI - 1767 - HIGH COURT, PUNJAB AND HARYANA] and Five Star Rugs v. Commissioner of Income Tax[2008 -TMI - 13576 - PUNJAB AND HARYANA High Court]
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