https://www.taxtmi.com/caselaws?id=240876 A supporting manufacturer's claim for deduction on DEPB and duty drawback benefits cannot be rejected outright merely because the incentives are not sale consideration. The governing computation principles under Section 80HHC and the treatment of DEPB receipts under Section 28(iiib) must be applied, and the Assessing Officer must examine the factual value of the incentives actually passed on to the supporting manufacturer. The matter was therefore remitted for fresh consideration in light of the Supreme Court ruling in Topman Exports. en-us Mon, 23 Sep 2013 00:00:00 +0530 Fri, 13 Dec 2013 07:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240876 A supporting manufacturer's claim for deduction on DEPB and duty drawback benefits cannot be rejected outright merely because the incentives are not sale consideration. The governing computation principles under Section 80HHC and the treatment of DEPB receipts under Section 28(iiib) must be applied, and the Assessing Officer must examine the factual value of the incentives actually passed on to the supporting manufacturer. The matter was therefore remitted for fresh consideration in light of the Supreme Court ruling in Topman Exports. Case-Laws Income Tax Mon, 23 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240876