https://www.taxtmi.com/caselaws?id=213275 The High Court set aside the Tribunal's decision based on the Bombay High Court's ruling and remanded the case to the Assessing Officer to calculate the deduction under Section 80HHC in accordance with the Supreme Court's judgment in Topman Exports. The High Court emphasized that the face value of DEPB should be considered under Section 28(iiib), while only the profit on transfer should be considered under Section 28(iiid). The appeals were allowed, directing the reassessment to align with the correct legal interpretation of relevant sections concerning DEPB and export incentives. en-us Tue, 20 Mar 2012 00:00:00 +0530 Tue, 24 Nov 2015 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213275 The High Court set aside the Tribunal's decision based on the Bombay High Court's ruling and remanded the case to the Assessing Officer to calculate the deduction under Section 80HHC in accordance with the Supreme Court's judgment in Topman Exports. The High Court emphasized that the face value of DEPB should be considered under Section 28(iiib), while only the profit on transfer should be considered under Section 28(iiid). The appeals were allowed, directing the reassessment to align with the correct legal interpretation of relevant sections concerning DEPB and export incentives. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213275