https://www.taxtmi.com/caselaws?id=170262 The Tribunal upheld the disallowance of deduction under sec. 80HHC on account of DEPB receipts, based on the interpretation of relevant provisions and the decision of the Bombay High Court, resulting in the dismissal of the assessee's appeal. The Tribunal found that the conditions for claiming the deduction were not satisfied by the assessee, as per the third Proviso to sec. 80HHC(3), leading to the denial of the deduction on the amount received from the transfer of DEPB. en-us Fri, 16 Dec 2011 00:00:00 +0530 Thu, 21 May 2015 12:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170262 The Tribunal upheld the disallowance of deduction under sec. 80HHC on account of DEPB receipts, based on the interpretation of relevant provisions and the decision of the Bombay High Court, resulting in the dismissal of the assessee's appeal. The Tribunal found that the conditions for claiming the deduction were not satisfied by the assessee, as per the third Proviso to sec. 80HHC(3), leading to the denial of the deduction on the amount received from the transfer of DEPB. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170262