https://www.taxtmi.com/caselaws?id=366369 The High Court upheld the Tribunal's decisions on both issues, affirming that the profit on transfer of DEPB should be calculated as the sale value less the face value to avoid double taxation. Regarding the power evacuation line expenditure, it was deemed revenue expenditure as it did not create a depreciable asset for the assessee, aligning with judicial precedents. The Court dismissed the appeal, emphasizing adherence to relevant provisions and legal precedents in determining the correct treatment of both DEPB and the power evacuation line expenditure. en-us Wed, 04 Jul 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366369 The High Court upheld the Tribunal's decisions on both issues, affirming that the profit on transfer of DEPB should be calculated as the sale value less the face value to avoid double taxation. Regarding the power evacuation line expenditure, it was deemed revenue expenditure as it did not create a depreciable asset for the assessee, aligning with judicial precedents. The Court dismissed the appeal, emphasizing adherence to relevant provisions and legal precedents in determining the correct treatment of both DEPB and the power evacuation line expenditure. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366369