https://www.taxtmi.com/caselaws?id=206608 The Tribunal partly allowed the appeal, upholding most of the CIT(A)'s decisions. However, the Tribunal restored the AO's stance regarding the adjustment of profit from DEPB for deduction under section 80HHC. The Tribunal found the transactions genuine and consistent with previous rulings, allowing deductions based on adjusted book profit and distinguishing cases based on commercial expediency and capital account treatment. en-us Mon, 07 Mar 2011 00:00:00 +0530 Wed, 09 Nov 2011 07:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206608 The Tribunal partly allowed the appeal, upholding most of the CIT(A)'s decisions. However, the Tribunal restored the AO's stance regarding the adjustment of profit from DEPB for deduction under section 80HHC. The Tribunal found the transactions genuine and consistent with previous rulings, allowing deductions based on adjusted book profit and distinguishing cases based on commercial expediency and capital account treatment. Case-Laws Income Tax Mon, 07 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206608