S. 80HHC DEPB Special Bench judgement reversed

Last updated: 13 October 2010

Court :
Bombay High Court

Brief :
DEPB sale proceeds cannot be bifurcated into “profits” and “face value”. The entire amount is “profits” for s. 80HHC r.w.s. 28(iiid)

Citation :
CIT vs. Kalpataru Colours and Chemicals ITA No. 2887 OF 2009

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