https://www.taxtmi.com/caselaws?id=262198 Deduction under section 80HHC on transfer of DEPB had to be recomputed by excluding only the profit on such transfer, because the amendment introduced by the Taxation Laws (Second Amendment) Act, 2005 was treated as not operating retrospectively. The Assessing Officer's computation under the amended regime could not stand in light of binding judicial pronouncements, so the deduction was directed to be reworked under the law applicable to the relevant period. en-us Mon, 09 Mar 2015 00:00:00 +0530 Wed, 05 Aug 2015 06:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262198 Deduction under section 80HHC on transfer of DEPB had to be recomputed by excluding only the profit on such transfer, because the amendment introduced by the Taxation Laws (Second Amendment) Act, 2005 was treated as not operating retrospectively. The Assessing Officer's computation under the amended regime could not stand in light of binding judicial pronouncements, so the deduction was directed to be reworked under the law applicable to the relevant period. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262198