https://www.taxtmi.com/caselaws?id=238018 The High Court dismissed the Tax Appeal challenging the deletion of an addition under section 80HHC related to DEPB. The Supreme Court's decision in the Topman Exports case clarified that the entire sale proceeds of DEPB should not be treated as profit for deduction under section 80HHC. The Court found the issue conclusively settled by the Supreme Court's decision and emphasized that the treatment of DEPB proceeds for deduction purposes was clearly established. The appeal was dismissed based on the settled legal position elucidated by the Supreme Court, following careful consideration of legal precedents and arguments presented. en-us Mon, 02 Sep 2013 00:00:00 +0530 Mon, 14 Oct 2013 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238018 The High Court dismissed the Tax Appeal challenging the deletion of an addition under section 80HHC related to DEPB. The Supreme Court's decision in the Topman Exports case clarified that the entire sale proceeds of DEPB should not be treated as profit for deduction under section 80HHC. The Court found the issue conclusively settled by the Supreme Court's decision and emphasized that the treatment of DEPB proceeds for deduction purposes was clearly established. The appeal was dismissed based on the settled legal position elucidated by the Supreme Court, following careful consideration of legal precedents and arguments presented. Case-Laws Income Tax Mon, 02 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238018