https://www.taxtmi.com/caselaws?id=78622 The Tribunal upheld the Commissioner's decision to withdraw the deduction under Section 80-HHC related to 90% of the DEPB income, as the conditions specified in the third proviso to Section 80-HHC were not met by the assessee. The lack of evidence demonstrating compliance with the prescribed conditions led to the denial of the benefit. The Commissioner's invocation of powers under Section 263 to revise the Assessment order was deemed valid, emphasizing the importance of fulfilling statutory requirements for claiming benefits related to the sale of DEPB. The appeal was dismissed due to the failure to provide sufficient evidence of meeting the prescribed conditions. en-us Fri, 27 Aug 2010 00:00:00 +0530 Fri, 20 Jan 2012 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78622 The Tribunal upheld the Commissioner's decision to withdraw the deduction under Section 80-HHC related to 90% of the DEPB income, as the conditions specified in the third proviso to Section 80-HHC were not met by the assessee. The lack of evidence demonstrating compliance with the prescribed conditions led to the denial of the benefit. The Commissioner's invocation of powers under Section 263 to revise the Assessment order was deemed valid, emphasizing the importance of fulfilling statutory requirements for claiming benefits related to the sale of DEPB. The appeal was dismissed due to the failure to provide sufficient evidence of meeting the prescribed conditions. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78622