https://www.taxtmi.com/caselaws?id=218561 The appeals filed by the assessee were allowed for statistical purposes, with the Assessing Officer directed to recompute the deduction under section 80HHC in accordance with the Supreme Court's judgment in M/s Topman Exports Vs. CIT. The Tribunal clarified the treatment of DEPB receipts under section 28 of the Income Tax Act, emphasizing that DEPB is chargeable as income in the year it accrues, while the profit on transfer of DEPB is chargeable in the year of transfer to avoid double taxation. en-us Mon, 30 Jul 2012 00:00:00 +0530 Wed, 31 Oct 2012 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218561 The appeals filed by the assessee were allowed for statistical purposes, with the Assessing Officer directed to recompute the deduction under section 80HHC in accordance with the Supreme Court's judgment in M/s Topman Exports Vs. CIT. The Tribunal clarified the treatment of DEPB receipts under section 28 of the Income Tax Act, emphasizing that DEPB is chargeable as income in the year it accrues, while the profit on transfer of DEPB is chargeable in the year of transfer to avoid double taxation. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218561