https://www.taxtmi.com/caselaws?id=181811 The High Court of Punjab and Haryana upheld the revenue's position on the taxation of profits from Duty Entitlement Pass Book (DEPB) transactions and the calculation of deductions under the Income Tax Act, 1961. The Court disposed of ITA No. 466 of 2010 and ITA No. 467 of 2010 in favor of the revenue, citing consistency with earlier court orders and judgments of the Bombay High Court. The respondents were granted liberty to approach the Court if they had any grievances against the order. en-us Mon, 27 Sep 2010 00:00:00 +0530 Mon, 25 Apr 2016 16:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181811 The High Court of Punjab and Haryana upheld the revenue's position on the taxation of profits from Duty Entitlement Pass Book (DEPB) transactions and the calculation of deductions under the Income Tax Act, 1961. The Court disposed of ITA No. 466 of 2010 and ITA No. 467 of 2010 in favor of the revenue, citing consistency with earlier court orders and judgments of the Bombay High Court. The respondents were granted liberty to approach the Court if they had any grievances against the order. Case-Laws Income Tax Mon, 27 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181811