https://www.taxtmi.com/caselaws?id=413299 The Supreme Court clarified that only the profit on transfer of Duty Entitlement Pass Book (DEPB) licenses falls under section 28(iiid), not the entire sales proceeds. The face value of DEPB is considered under section 28(iiib). The judgment directed the Assessing Officer to reevaluate the DEPB income and deduction under section 80HHC in accordance with this distinction. The appeal by the assessee was allowed for statistical purposes, with instructions to follow the Supreme Court's guidelines in reassessment. en-us Wed, 29 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413299 The Supreme Court clarified that only the profit on transfer of Duty Entitlement Pass Book (DEPB) licenses falls under section 28(iiid), not the entire sales proceeds. The face value of DEPB is considered under section 28(iiib). The judgment directed the Assessing Officer to reevaluate the DEPB income and deduction under section 80HHC in accordance with this distinction. The appeal by the assessee was allowed for statistical purposes, with instructions to follow the Supreme Court's guidelines in reassessment. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413299