https://www.taxtmi.com/caselaws?id=180985 The Tribunal upheld the decision of the Ld. CIT (A) in denying the assessee's claim for deduction u/s 10BA of the Act. The Tribunal ruled that Duty Draw Back receipt (DDB) and DEPB do not constitute part of the net profit eligible for deduction. Only eligible export sales were considered for exemption, while non-eligible articles were disallowed. The Tribunal's decision aligned with the Supreme Court ruling in Liberty India Vs CIT, emphasizing profit "derived from" export. As a result, the appeal of the assessee was dismissed. en-us Fri, 08 Oct 2010 00:00:00 +0530 Tue, 05 Apr 2016 15:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180985 The Tribunal upheld the decision of the Ld. CIT (A) in denying the assessee's claim for deduction u/s 10BA of the Act. The Tribunal ruled that Duty Draw Back receipt (DDB) and DEPB do not constitute part of the net profit eligible for deduction. Only eligible export sales were considered for exemption, while non-eligible articles were disallowed. The Tribunal's decision aligned with the Supreme Court ruling in Liberty India Vs CIT, emphasizing profit "derived from" export. As a result, the appeal of the assessee was dismissed. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180985