https://www.taxtmi.com/caselaws?id=218402 The Hon'ble Tribunal recalled its earlier order concerning the taxability of profits on the sale of a DEPB license for the purpose of deduction under section 80HHC. This decision was made in light of subsequent clarifications provided by the Hon'ble Apex Court in the Topman Exports case, which indicated that only 90% of the profit on the sale of DEPB license should be excluded for the deduction. The Tribunal acknowledged the mistake in the previous order and allowed the appeals to be reevaluated on this specific issue. en-us Fri, 05 Oct 2012 00:00:00 +0530 Fri, 02 Nov 2012 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218402 The Hon'ble Tribunal recalled its earlier order concerning the taxability of profits on the sale of a DEPB license for the purpose of deduction under section 80HHC. This decision was made in light of subsequent clarifications provided by the Hon'ble Apex Court in the Topman Exports case, which indicated that only 90% of the profit on the sale of DEPB license should be excluded for the deduction. The Tribunal acknowledged the mistake in the previous order and allowed the appeals to be reevaluated on this specific issue. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218402