https://www.taxtmi.com/caselaws?id=34896 The court ruled in favor of the assessee, allowing the appeal and holding the appellant entitled to deduction under section 80-IB for the assessment years 2003-04 and 04-05. The court set aside the impugned orders, citing the clarification that profit on the transfer of DEPB licenses falls within profits derived from the industrial undertaking, making it eligible for exemption under section 80-IB. Each party was directed to bear its own costs. en-us Thu, 21 Aug 2008 00:00:00 +0530 Sat, 07 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34896 The court ruled in favor of the assessee, allowing the appeal and holding the appellant entitled to deduction under section 80-IB for the assessment years 2003-04 and 04-05. The court set aside the impugned orders, citing the clarification that profit on the transfer of DEPB licenses falls within profits derived from the industrial undertaking, making it eligible for exemption under section 80-IB. Each party was directed to bear its own costs. Case-Laws Income Tax Thu, 21 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34896