https://www.taxtmi.com/caselaws?id=423509 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's order under Section 263 was not valid. The assessee was entitled to claim deductions under Section 80IB(11A) for duty drawback and sale of licenses. The Tribunal relied on the Supreme Court's decision in Meghalaya Steels Ltd, overruling the earlier Liberty India decision. en-us Mon, 06 Jun 2022 00:00:00 +0530 Wed, 08 Jun 2022 09:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423509 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's order under Section 263 was not valid. The assessee was entitled to claim deductions under Section 80IB(11A) for duty drawback and sale of licenses. The Tribunal relied on the Supreme Court's decision in Meghalaya Steels Ltd, overruling the earlier Liberty India decision. Case-Laws Income Tax Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423509