2014 (3) TMI 939

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..... s for manufacturing an export product, any amount realized by the assessees over and above the DEPB on transfer of the DEPB would represent profit on the transfer of DEPB and while the face value of the DEPB will fall under clause (iiib) of Section 28, difference between the sale value and the face value of the DEPB will fall under clause (iiid) of Section 28 – Decided against Revenue. - Tax Appe .....

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..... the Income Tax Appellate Tribunal is right in law in coming to the conclusion that DEPB credit can be said to have been a cost and value and DEPB credit itself granted under the relevant scheme would constitute a cost for the purpose of arriving at profit of transfer of DEPB credit ? (iii) Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in .....

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