https://www.taxtmi.com/caselaws?id=221450 The court held that the entire sale proceeds of Duty Entitlement Pass Book (DEPB) credit should be considered as profit under clause (iiid) of section 28, not just the premium over the face value. The decision of the Tribunal, which excluded only the excess amount over the face value, was overturned. The appeal was answered in favor of the Revenue, reversing the Tribunal's order, and the appeal was allowed accordingly. The court granted a certificate for appeal under Articles 133 and 133A of the Constitution due to the significant legal issue involved. en-us Wed, 25 Jan 2012 00:00:00 +0530 Mon, 15 Feb 2016 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221450 The court held that the entire sale proceeds of Duty Entitlement Pass Book (DEPB) credit should be considered as profit under clause (iiid) of section 28, not just the premium over the face value. The decision of the Tribunal, which excluded only the excess amount over the face value, was overturned. The appeal was answered in favor of the Revenue, reversing the Tribunal's order, and the appeal was allowed accordingly. The court granted a certificate for appeal under Articles 133 and 133A of the Constitution due to the significant legal issue involved. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221450