https://www.taxtmi.com/caselaws?id=189938 The Court upheld the Tribunal's decision, ruling that duty drawback and DEPB benefits are not eligible for deduction under section 80-IB of the Income Tax Act 1961. The Court found that these benefits are incentives and not profits derived from eligible businesses, in line with the judgment in Liberty India vs. CIT. The appellant's arguments regarding the applicability of previous judgments were rejected, and the appeal was dismissed as the Court found no error in the Tribunal's order. en-us Thu, 26 Jun 2014 00:00:00 +0530 Fri, 27 Jan 2017 08:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189938 The Court upheld the Tribunal's decision, ruling that duty drawback and DEPB benefits are not eligible for deduction under section 80-IB of the Income Tax Act 1961. The Court found that these benefits are incentives and not profits derived from eligible businesses, in line with the judgment in Liberty India vs. CIT. The appellant's arguments regarding the applicability of previous judgments were rejected, and the appeal was dismissed as the Court found no error in the Tribunal's order. Case-Laws Income Tax Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189938