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2021 (4) TMI 364 - HC - Income TaxTaxability of proceeds generated in the hands of the assessee on sale of DEPB/DFRC entitled to it as an exporter - HELD THAT:- .In view of the ratio laid down by the Hon'ble Supreme Court in the judgment Vikas Kalra Vs. Commissioner of Income Tax-VIII, New Delhi[2012 (2) TMI 99 - SUPREME COURT]. we are of the considered view that the first question of law should be decided in favour of the assessee and against the Revenue. Accordingly, the first question of law is decided against the Revenue and in favour of the assessee.
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