https://www.taxtmi.com/caselaws?id=116884 The Tribunal held that premiums received on surrender of import licenses, whether own or purchased, were to be treated as incentives under section 28(iiib) and should be excluded from the total turnover for computing the deduction under section 80HHC of the I.T. Act. Following a precedent set by the Bombay High Court, the Tribunal ruled in favor of the assessee, allowing their appeal and dismissing the Department's appeal. en-us Mon, 08 Sep 2003 00:00:00 +0530 Mon, 18 Jun 2012 15:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116884 The Tribunal held that premiums received on surrender of import licenses, whether own or purchased, were to be treated as incentives under section 28(iiib) and should be excluded from the total turnover for computing the deduction under section 80HHC of the I.T. Act. Following a precedent set by the Bombay High Court, the Tribunal ruled in favor of the assessee, allowing their appeal and dismissing the Department's appeal. Case-Laws Income Tax Mon, 08 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116884