https://www.taxtmi.com/caselaws?id=206482 The Court, in a case concerning deductions under section 80HHC of the Income Tax Act, 1961, ruled in favor of the revenue regarding the deduction on the face value of DEPB when turnover exceeds Rs.10 crores. The Court referenced previous rulings and disposed of the appeal without notice to the respondent. Additionally, the Court decided on the deduction of the entire DEPB amount under section 80HHC, following previous orders and remanding similar cases to the Tribunal for decisions in line with the law. The Court also addressed the reliance on a specific tribunal decision, ultimately disposing of the appeal based on previous orders and the Bombay High Court judgment. en-us Fri, 14 Jan 2011 00:00:00 +0530 Thu, 16 Jun 2011 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206482 The Court, in a case concerning deductions under section 80HHC of the Income Tax Act, 1961, ruled in favor of the revenue regarding the deduction on the face value of DEPB when turnover exceeds Rs.10 crores. The Court referenced previous rulings and disposed of the appeal without notice to the respondent. Additionally, the Court decided on the deduction of the entire DEPB amount under section 80HHC, following previous orders and remanding similar cases to the Tribunal for decisions in line with the law. The Court also addressed the reliance on a specific tribunal decision, ultimately disposing of the appeal based on previous orders and the Bombay High Court judgment. Case-Laws Income Tax Fri, 14 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206482