https://www.taxtmi.com/caselaws?id=347180 The Tribunal upheld the CIT(A)'s decision in favor of the assessee regarding the eligibility of duty drawback for deduction under section 10B of the IT Act. The Tribunal emphasized that once income is part of the eligible undertaking's business, it cannot be excluded from eligible profits for section 10B deduction. Citing CBDT Circulars and precedents, the Tribunal ruled the assessee eligible for the deduction on export incentives received. The appeal by the Revenue was dismissed based on settled law and statutory provisions, affirming the decision in favor of the assessee. en-us Mon, 10 Jul 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347180 The Tribunal upheld the CIT(A)'s decision in favor of the assessee regarding the eligibility of duty drawback for deduction under section 10B of the IT Act. The Tribunal emphasized that once income is part of the eligible undertaking's business, it cannot be excluded from eligible profits for section 10B deduction. Citing CBDT Circulars and precedents, the Tribunal ruled the assessee eligible for the deduction on export incentives received. The appeal by the Revenue was dismissed based on settled law and statutory provisions, affirming the decision in favor of the assessee. Case-Laws Income Tax Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347180