https://www.taxtmi.com/caselaws?id=393493 The High Court upheld the Income Tax Appellate Tribunal's decision to remand the matter to the Assessing Authority despite subsequent conflicting decisions. The Tribunal emphasized the need for judicial discipline and consideration of evolving principles. The High Court left it to the Assessing Authority to apply the law per the Supreme Court's ruling without directly addressing the raised legal questions. Additionally, the Supreme Court clarified the treatment of DEPB receivable as income under Section 28(iv) and its impact on deductions under Section 80HHC, setting aside the High Court's judgment and directing compliance with its ruling. en-us Mon, 02 Mar 2020 00:00:00 +0530 Tue, 17 Mar 2020 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393493 The High Court upheld the Income Tax Appellate Tribunal's decision to remand the matter to the Assessing Authority despite subsequent conflicting decisions. The Tribunal emphasized the need for judicial discipline and consideration of evolving principles. The High Court left it to the Assessing Authority to apply the law per the Supreme Court's ruling without directly addressing the raised legal questions. Additionally, the Supreme Court clarified the treatment of DEPB receivable as income under Section 28(iv) and its impact on deductions under Section 80HHC, setting aside the High Court's judgment and directing compliance with its ruling. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393493