https://www.taxtmi.com/caselaws?id=242095 The Hon'ble Rajasthan High Court ruled in favor of the appellant, allowing the deduction under Section 80IB on the Duty Entitlement Pass Book (DEPB) amount. The court held that the profit from the sale of DEPB license is eligible for deduction under Section 80IB, citing the amended provision in Section 28 effective from 01-04-1998. The court emphasized the importance of considering amended provisions in delivering judgments and highlighted that judgments not considering relevant amendments lose their binding nature. The Appellate Tribunal reversed the decision of the ld. CIT(A) and allowed the appeal of the assessee-firm based on the debatable nature of the issues involved. en-us Fri, 12 Oct 2012 00:00:00 +0530 Tue, 07 Jan 2014 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242095 The Hon'ble Rajasthan High Court ruled in favor of the appellant, allowing the deduction under Section 80IB on the Duty Entitlement Pass Book (DEPB) amount. The court held that the profit from the sale of DEPB license is eligible for deduction under Section 80IB, citing the amended provision in Section 28 effective from 01-04-1998. The court emphasized the importance of considering amended provisions in delivering judgments and highlighted that judgments not considering relevant amendments lose their binding nature. The Appellate Tribunal reversed the decision of the ld. CIT(A) and allowed the appeal of the assessee-firm based on the debatable nature of the issues involved. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242095