2012 (5) TMI 464

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..... rts(2011 (4) TMI 96 (HC)) - Decided in favour of the revenue. Whether “Profit” or the whole amount of DEPB is to be excluded for computation of the deduction u/s 80HHC - Section 28(iiid) - Held that:- Apex court held in case of Topman exports (2012 (2) TMI 100 (SC)) that not the entire amount but the sale value less the face value of the DEPB will represent profit on transfer of DEPB. Differenc .....

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..... d for consideration of this Court:- a. Whether on the true and correct interpretation of the provisions of Section 80HHC r.w. Section 80IA(9) r.w. Section 80IB(13) the Tribunal has erred in restricting the claim of deductions under the Act? b. Whether on the true and correct interpretation of the provisions of Section 28(iiid) r.w. Section 80HHC the Profit or the whole amount of DEPB is to .....

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..... titled Kohinoor International vs. Commissioner of Income Tax, Jalandhar (Punjab) following the judgment of the Hon'ble Apex Court in Topman Exports vs. Commissioner of Income Tax, Mumbai, (2012) 3 SCC 593 in which the matter has been remanded back to the concerned Assessing Officer with a direction to compute the deduction under Section 80HHC of the Act in accordance with law and in the light of t .....

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