https://www.taxtmi.com/caselaws?id=242115 The ITAT allowed the appeals by the assessees, setting aside the CIT(A)'s finding and permitting the deduction claimed under section 80IB for DEPB and Duty Draw Back. The ITAT referred to precedents and the amended section of the Act, emphasizing the importance of considering amended provisions in judgments. The decision was based on the debatable nature of the issue, making it ineligible for correction under section 154. The ITAT concluded that the deduction was not a glaring mistake and, therefore, upheld the appeal, directing the allowance of the deduction. en-us Tue, 17 Dec 2013 00:00:00 +0530 Tue, 07 Jan 2014 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242115 The ITAT allowed the appeals by the assessees, setting aside the CIT(A)'s finding and permitting the deduction claimed under section 80IB for DEPB and Duty Draw Back. The ITAT referred to precedents and the amended section of the Act, emphasizing the importance of considering amended provisions in judgments. The decision was based on the debatable nature of the issue, making it ineligible for correction under section 154. The ITAT concluded that the deduction was not a glaring mistake and, therefore, upheld the appeal, directing the allowance of the deduction. Case-Laws Income Tax Tue, 17 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242115