2011 (11) TMI 757

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.... with Ms. Vasanti B. Patel for the respondent. P.C. : 1. Whether the advance license and the DEPB benefits receivable by the assessee are liable to be assessed to tax in the year in which the license is granted to the licensee or liable to be taxed in the year in which the benefits actually accrue after the imports are effected, is the question raised in this appeal. 2. The Income Tax App....