https://www.taxtmi.com/caselaws?id=329865 The High Court upheld the Tribunal's decision, ruling that DEPB benefits do not qualify for deduction under Section 80IB of the Income Tax Act. The Court distinguished between the provisions of Section 80IB and Section 80HHC, emphasizing that the Liberty India decision applies to Section 80IB. The appeal was dismissed, answering against the assessee and in favor of the department. en-us Thu, 07 Jul 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329865 The High Court upheld the Tribunal's decision, ruling that DEPB benefits do not qualify for deduction under Section 80IB of the Income Tax Act. The Court distinguished between the provisions of Section 80IB and Section 80HHC, emphasizing that the Liberty India decision applies to Section 80IB. The appeal was dismissed, answering against the assessee and in favor of the department. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329865