TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Duty drawback amount qualifies for deduction under section 80-IB: Tribunal decision</h1> The Tribunal dismissed the revenue's appeal against the CIT(A) order allowing deduction u/s 80-IB on duty drawback amount. The Tribunal held that duty ... - Issues involved: Appeal against CIT(A) order allowing deduction u/s 80-IB on duty drawback amount.Summary:The revenue filed an appeal against the CIT(A) order allowing deduction u/s 80-IB on duty drawback amount. The revenue contended that duty drawback cannot be considered as profit from an industrial undertaking. The assessee relied on a Tribunal decision and argued that conflicting judgments should favor the assessee. The Tribunal upheld the CIT(A) order, citing a direct link between duty drawback and business activity, following the decision of the Hon'ble Gujarat High Court. The Tribunal dismissed the revenue's appeal based on these grounds.
TaxTMI 
TaxTMI 
