https://www.taxtmi.com/caselaws?id=371211 The High Court allowed the Tax Case Appeal, directing the Assessing Officer to reevaluate the appellant's entitlement to a deduction under Section 80HHC for income from the sale of a DEPB license for the assessment year 2003-04. The court emphasized following the decision in Avani Exports v. Commissioner of Income Tax and instructed the Assessing Officer to expedite the assessment process within three months without imposing costs on the parties. The orders of the Tribunal and Commissioner of Income-tax (Appeals) were set aside, remanding the matter for further action. en-us Tue, 23 Oct 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371211 The High Court allowed the Tax Case Appeal, directing the Assessing Officer to reevaluate the appellant's entitlement to a deduction under Section 80HHC for income from the sale of a DEPB license for the assessment year 2003-04. The court emphasized following the decision in Avani Exports v. Commissioner of Income Tax and instructed the Assessing Officer to expedite the assessment process within three months without imposing costs on the parties. The orders of the Tribunal and Commissioner of Income-tax (Appeals) were set aside, remanding the matter for further action. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371211