https://www.taxtmi.com/caselaws?id=31805 Deduction under Section 80IA of the Income-tax Act was considered in relation to duty drawback and profit on sale of REP licences. The Delhi High Court noted that the language of Sections 80IA and 80IB on the issue was virtually identical and applied the earlier Section 80IB decision to the present controversy. On that basis, the court held the deduction could not be denied for those receipts, answered the issue in favour of the assessee, and set aside the disallowance to that extent. en-us Thu, 11 Dec 2008 00:00:00 +0530 Thu, 18 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31805 Deduction under Section 80IA of the Income-tax Act was considered in relation to duty drawback and profit on sale of REP licences. The Delhi High Court noted that the language of Sections 80IA and 80IB on the issue was virtually identical and applied the earlier Section 80IB decision to the present controversy. On that basis, the court held the deduction could not be denied for those receipts, answered the issue in favour of the assessee, and set aside the disallowance to that extent. Case-Laws Income Tax Thu, 11 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31805