https://www.taxtmi.com/caselaws?id=233373 The appeal was partly allowed by ITAT Mumbai, emphasizing the correct application of provisions under section 80HHC and the need for reevaluation based on judicial precedents. The order passed by CIT(A) under section 154 of the Income-tax Act was modified, directing the Assessing Officer to recompute the deduction in light of the judgment of the Hon'ble Supreme Court, considering the face value of DEPB license as income under section 28(iiib) and the excess of sale proceeds over the sales value as business profit under section 28(iiid). en-us Wed, 13 Feb 2013 00:00:00 +0530 Mon, 29 Apr 2013 08:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233373 The appeal was partly allowed by ITAT Mumbai, emphasizing the correct application of provisions under section 80HHC and the need for reevaluation based on judicial precedents. The order passed by CIT(A) under section 154 of the Income-tax Act was modified, directing the Assessing Officer to recompute the deduction in light of the judgment of the Hon'ble Supreme Court, considering the face value of DEPB license as income under section 28(iiib) and the excess of sale proceeds over the sales value as business profit under section 28(iiid). Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233373