https://www.taxtmi.com/caselaws?id=210054 The Court analyzed the interpretation of profit under Sections 28(iiid) and 28(iiie) of the Income Tax Act, 1961, focusing on the inclusion of DEPB face value in profit calculation. It deliberated on the calculation of profit on DEPB transfer and deduction under Section 80HHC, including the exclusion of 90% of DEPB amount. The Court considered the impact of a Mumbai HC judgment on DEPB proceeds bifurcation for Section 80HHC. Ultimately, the Court disposed of the appeal, allowing the respondent to challenge if aggrieved, based on previous judgments and remands for fresh decisions. en-us Wed, 27 Apr 2011 00:00:00 +0530 Fri, 30 Nov 2012 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210054 The Court analyzed the interpretation of profit under Sections 28(iiid) and 28(iiie) of the Income Tax Act, 1961, focusing on the inclusion of DEPB face value in profit calculation. It deliberated on the calculation of profit on DEPB transfer and deduction under Section 80HHC, including the exclusion of 90% of DEPB amount. The Court considered the impact of a Mumbai HC judgment on DEPB proceeds bifurcation for Section 80HHC. Ultimately, the Court disposed of the appeal, allowing the respondent to challenge if aggrieved, based on previous judgments and remands for fresh decisions. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210054