https://www.taxtmi.com/caselaws?id=187070 The appeal by the Revenue regarding the computation of deduction under section 80HHC of the Income Tax Act in relation to income from DEPB and DFRC treated as business income was disposed of by the Hon'ble Punjab & Haryana High Court. The case was remanded back to the Tribunal following the precedent set in a previous case. The Tribunal directed the Assessing Officer to recompute the deduction in line with earlier orders, providing a reasonable opportunity to the assessee. The appeal was resolved in accordance with directions from the Hon'ble Bombay High Court, with the order in a related case serving as a reference. en-us Wed, 07 Sep 2011 00:00:00 +0530 Sat, 08 Oct 2016 10:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187070 The appeal by the Revenue regarding the computation of deduction under section 80HHC of the Income Tax Act in relation to income from DEPB and DFRC treated as business income was disposed of by the Hon'ble Punjab & Haryana High Court. The case was remanded back to the Tribunal following the precedent set in a previous case. The Tribunal directed the Assessing Officer to recompute the deduction in line with earlier orders, providing a reasonable opportunity to the assessee. The appeal was resolved in accordance with directions from the Hon'ble Bombay High Court, with the order in a related case serving as a reference. Case-Laws Income Tax Wed, 07 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187070