https://www.taxtmi.com/caselaws?id=173628 The High Court held that DEPB income is eligible for deduction under section 80HHC, with 90% of the sale proceeds to be excluded for the purpose of working out the deduction. The Court confirmed the exclusion of only the net amount of other export entitlements for computation of the deduction. The judgment clarified the treatment of DEPB income and the exclusion of export entitlements for deduction under section 80HHC, providing guidance on the correct method of computation under the Income Tax Act. en-us Wed, 16 Nov 2011 00:00:00 +0530 Fri, 18 Sep 2015 17:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173628 The High Court held that DEPB income is eligible for deduction under section 80HHC, with 90% of the sale proceeds to be excluded for the purpose of working out the deduction. The Court confirmed the exclusion of only the net amount of other export entitlements for computation of the deduction. The judgment clarified the treatment of DEPB income and the exclusion of export entitlements for deduction under section 80HHC, providing guidance on the correct method of computation under the Income Tax Act. Case-Laws Income Tax Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173628