https://www.taxtmi.com/caselaws?id=181223 The Tribunal upheld the Assessing Officer's decision on the computation of deduction under section 80HHC for income from DEPB, following higher court interpretations. The appeals were dismissed as the Assessing Officer correctly applied the law, considering precedents. The Tribunal emphasized that income from DEPB should be treated as business income for deduction under section 80HHC, rejecting the contention to exclude only profits on DEPB transfer. The decision aligned with legal principles and previous judgments, leading to the dismissal of the appeals. en-us Mon, 21 Nov 2011 00:00:00 +0530 Fri, 15 Sep 2017 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181223 The Tribunal upheld the Assessing Officer's decision on the computation of deduction under section 80HHC for income from DEPB, following higher court interpretations. The appeals were dismissed as the Assessing Officer correctly applied the law, considering precedents. The Tribunal emphasized that income from DEPB should be treated as business income for deduction under section 80HHC, rejecting the contention to exclude only profits on DEPB transfer. The decision aligned with legal principles and previous judgments, leading to the dismissal of the appeals. Case-Laws Income Tax Mon, 21 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181223