2011 (2) TMI 290

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..... 16.8. 2010 in I.T.A. No.299 of 2010 Commissioner of Income Tax v. M/s F.C. Sondhi & Company (P) Ltd - The matter is disposed off by way of remand - ITA Nos. 852 and 854 of 2010 (O&M) - - - Dated:- 15-2-2011 - MR. JUSTICE ADARSH KUMAR GOEL, MR. JUSTICE AJAY KUMAR MITTAL, JJ. Mr. Denesh Goyal, Advocate for the appellant. ADARSH KUMAR GOEL, J. 1. This order will dispose of ITA N .....

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..... aw in not holding that profit on transfer of DEPB entitlement represents the entire amount inclusive of premium of sale of such DEPB? III. Whether on the facts and circumstances of the case, the ITAT was right in law in holding that the word profit referred to in section 28(iiid) and 28(iiie) of Income Tax Act, 1961 means the difference between the sale price of DEPB and the face value of DE .....

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..... Income Tax Act, 1961? VI. Whether on the facts and circumstances of the case, the ITAT has failed to appreciate that deduction u/s 80HHC of the Income Tax Act, 1961 was rightly computed in accordance with amendment made by the Taxation Law (Amendment) Act, 2005 with retrospective effect from 01.04.1998? 3. Learned counsel for the revenue states that the matter is covered in favour of the .....

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