https://www.taxtmi.com/caselaws?id=174629 The High Court determined that the entire sale consideration of Duty Entitlement Pass Book (DEPB) credits should be considered under section 28(iiid), excluding 90% of this amount from business profits for section 80HHC deductions. The court's decision aligned with legislative intent to treat the entire amount received from DEPB credit transfer as profit. The case was granted a certificate for appeal to the Supreme Court due to the significant legal question involved. en-us Wed, 10 Aug 2011 00:00:00 +0530 Tue, 13 Oct 2015 14:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174629 The High Court determined that the entire sale consideration of Duty Entitlement Pass Book (DEPB) credits should be considered under section 28(iiid), excluding 90% of this amount from business profits for section 80HHC deductions. The court's decision aligned with legislative intent to treat the entire amount received from DEPB credit transfer as profit. The case was granted a certificate for appeal to the Supreme Court due to the significant legal question involved. Case-Laws Income Tax Wed, 10 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174629