https://www.taxtmi.com/caselaws?id=35285 The High Court ruled that Duty Draw Back and Duty Entitlement Pass Book Scheme (DEPB) are not eligible for deduction under Section 80-IB of the Income Tax Act as they do not qualify as profits derived from an industrial undertaking. The Court upheld the decisions of lower authorities, denying the deduction claimed by the assessee for export incentives. The judgment was based on legal precedents and the interpretation of relevant provisions, dismissing both appeals as no substantial question of law arose from the Income Tax Appellate Tribunal's order. en-us Wed, 18 Nov 2009 00:00:00 +0530 Thu, 11 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35285 The High Court ruled that Duty Draw Back and Duty Entitlement Pass Book Scheme (DEPB) are not eligible for deduction under Section 80-IB of the Income Tax Act as they do not qualify as profits derived from an industrial undertaking. The Court upheld the decisions of lower authorities, denying the deduction claimed by the assessee for export incentives. The judgment was based on legal precedents and the interpretation of relevant provisions, dismissing both appeals as no substantial question of law arose from the Income Tax Appellate Tribunal's order. Case-Laws Income Tax Wed, 18 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35285