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2014 (1) TMI 339 - ITAT JAIPURWhether profit upon sale of DEPB license shall be eligible for deduction u/s 80IB - Held that:- Following M/s Sarraf Export, RIICO Industrial Area, Sardarsahar, Churu V/s ITO, Ward-2, Churu [2014 (1) TMI 319 - ITAT JODHPUR] - In view of the newly inserted clause (iiid) in Section 28 of the Act w.e.f. 01-04-1998 - Any profit on the transfer of the Duty Entitlement Pass Book Scheme, being the Duty Remission Scheme under the export and import policy shall be entitled to deduction u/s 80IB - Decided in favour of assessee.
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