https://www.taxtmi.com/caselaws?id=291959 The ITAT dismissed the appeal, upholding the denial of deduction u/s 80IA on export incentives like sale of import licence, duty draw back, and DEPB licence sale. The ITAT held that DEPB and duty draw back are not derived from eligible business under section 80IA, based on the law laid down by the Supreme Court in a recent judgment. The appeal was decided against the assessee, emphasizing the precedence of the Apex Court's ruling over ITAT directions. en-us Fri, 25 Feb 2011 00:00:00 +0530 Wed, 02 Dec 2020 10:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291959 The ITAT dismissed the appeal, upholding the denial of deduction u/s 80IA on export incentives like sale of import licence, duty draw back, and DEPB licence sale. The ITAT held that DEPB and duty draw back are not derived from eligible business under section 80IA, based on the law laid down by the Supreme Court in a recent judgment. The appeal was decided against the assessee, emphasizing the precedence of the Apex Court's ruling over ITAT directions. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291959