9911796707
TMI Blog2019 (7) TMI 1226X X X X Extracts X X X X X X X X Extracts X X X X ..... essee seeking exemption of the income arising out of its export business, is squarely covered by the Judgment of the Supreme Court in the case of Liberty India [ 2009 (8) TMI 63 - SUPREME COURT] since the receipts in question arise out of the duty draw back payment of the Government of India. In Liberty India, as is well known, the Supreme Court had held that the DEPB benefits (similar to the dut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the case of Liberty India (Supra). No question of law arises. - INCOME TAX APPEAL NO.276 OF 2017 - - - Dated:- 22-7-2019 - AKIL KURESHI S.J. KATHAWALLA, JJ. Mr. Bharat L. Gandhi with Ms. Poonam Kotkar I/by Mr. Swapnil Newaskar, for Appellant. Mr. Sham V. Walve, for Respondent. P.C.: 1. This Appeal is filed by the Assessee to challenge the judgme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a. In Liberty India, as is well known, the Supreme Court had held that the DEPB benefits (similar to the duty draw back payments) would not qualify for exemption from tax since the same are not directly connected to the assessee's export business. 3. Learned Counsel for the assessee however, placed reliance on the subsequent decision of the Supreme Court in the case of Commissioner ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
