https://www.taxtmi.com/caselaws?id=214889 DEPB receipts are to be split into two tax components: the face value is cash assistance linked to exports under section 28(iiib), while only the surplus on sale over that face value is taxable as profit on transfer under section 28(iiid). Applying the Supreme Court's interpretation in Topman Exports, the Tribunal noted that assessment and appellate orders treating the entire sale proceeds as taxable could not stand. The matter was therefore restored for fresh adjudication after giving the assessee an opportunity of hearing, and the impugned orders were set aside. en-us Fri, 08 Jun 2012 00:00:00 +0530 Thu, 12 Jun 2025 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214889 DEPB receipts are to be split into two tax components: the face value is cash assistance linked to exports under section 28(iiib), while only the surplus on sale over that face value is taxable as profit on transfer under section 28(iiid). Applying the Supreme Court's interpretation in Topman Exports, the Tribunal noted that assessment and appellate orders treating the entire sale proceeds as taxable could not stand. The matter was therefore restored for fresh adjudication after giving the assessee an opportunity of hearing, and the impugned orders were set aside. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214889