https://www.taxtmi.com/caselaws?id=244570 The High Court ruled in favor of the assessee, holding that only profits, and not the entire sale proceeds from Duty Entitlement Passbook (DEPB) schemes, should be considered for relief under section 80HHC(3) of the Income Tax Act. The Court dismissed all appeals filed by the revenue, citing the Supreme Court's decision in the Topman Exports case as precedent for this interpretation. en-us Tue, 03 Dec 2013 00:00:00 +0530 Sat, 01 Mar 2014 11:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244570 The High Court ruled in favor of the assessee, holding that only profits, and not the entire sale proceeds from Duty Entitlement Passbook (DEPB) schemes, should be considered for relief under section 80HHC(3) of the Income Tax Act. The Court dismissed all appeals filed by the revenue, citing the Supreme Court's decision in the Topman Exports case as precedent for this interpretation. Case-Laws Income Tax Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244570