https://www.taxtmi.com/caselaws?id=243050 The Appellate Tribunal ruled in favor of the assessee, allowing the deduction under section 80HHC of the Income-tax Act for profit from the sale of DEPB license. The Tribunal condoned the delay in filing appeals, considering the circumstances and diligent pursuit of the claim. It interpreted the Supreme Court's judgment to support the assessee's entitlement to the deduction. The Tribunal remitted the case for recomputation of the deduction in line with the law and Supreme Court's decision. The appeals were treated as allowed for statistical purposes. en-us Thu, 03 Jan 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243050 The Appellate Tribunal ruled in favor of the assessee, allowing the deduction under section 80HHC of the Income-tax Act for profit from the sale of DEPB license. The Tribunal condoned the delay in filing appeals, considering the circumstances and diligent pursuit of the claim. It interpreted the Supreme Court's judgment to support the assessee's entitlement to the deduction. The Tribunal remitted the case for recomputation of the deduction in line with the law and Supreme Court's decision. The appeals were treated as allowed for statistical purposes. Case-Laws Income Tax Thu, 03 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243050