Assessee Denied Deductions u/s 80-IB for Duty Drawback and DEPB; Income Taxable u/s 28(iiid) and (iiie.

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....Deduction u/s 80-IB - Duty Drawback and DEPB - on the profit from DEPB and Duty Drawback claims, the assessee shall not be entitled to the deductions under Section 80-IB as such income cannot be said to be an income “derived from” industrial undertaking and even otherwise as per Section 28(iiid) and (iiie), such an income is chargeable to tax. - SC....