https://www.taxtmi.com/caselaws?id=261822 The High Court upheld the decision of the Income Tax Appellate Tribunal, allowing the appellant to claim deductions under section 80-IB of the Income Tax Act, 1961, for income derived from the sale of Duty Entitled Pass Book Scheme (DEPB). The court rejected the respondent's argument against the deduction, citing relevant case law and legal principles. The judgment provides clarity on the treatment of income from DEPB for the purpose of claiming deductions under section 80-IB. en-us Wed, 15 Jul 2015 00:00:00 +0530 Thu, 23 Jul 2015 07:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261822 The High Court upheld the decision of the Income Tax Appellate Tribunal, allowing the appellant to claim deductions under section 80-IB of the Income Tax Act, 1961, for income derived from the sale of Duty Entitled Pass Book Scheme (DEPB). The court rejected the respondent's argument against the deduction, citing relevant case law and legal principles. The judgment provides clarity on the treatment of income from DEPB for the purpose of claiming deductions under section 80-IB. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261822