https://www.taxtmi.com/caselaws?id=436394 The Supreme Court affirmed the High Court's ruling that the assessee is not eligible for deductions under Section 80-IB for income derived from DEPB and Duty Drawback Schemes. The Court clarified that these incentives are not directly linked to industrial undertakings' profits, as mandated by Section 80-IB, distinguishing them from subsidies affecting manufacturing costs. The appeal was dismissed, and no costs were awarded. en-us Mon, 10 Apr 2023 00:00:00 +0530 Wed, 10 May 2023 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436394 The Supreme Court affirmed the High Court's ruling that the assessee is not eligible for deductions under Section 80-IB for income derived from DEPB and Duty Drawback Schemes. The Court clarified that these incentives are not directly linked to industrial undertakings' profits, as mandated by Section 80-IB, distinguishing them from subsidies affecting manufacturing costs. The appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436394