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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Deduction u/s 80HHC - DEPB Credit - Tribunal committed an error ...


High Court Corrects Tribunal: Entire DEPB Credit Transfer Amount Must Be Included in Profit u/s 80HHC.

March 12, 2013

Case Laws     Income Tax     HC

Deduction u/s 80HHC - DEPB Credit - Tribunal committed an error in coming to the conclusion that on transfer of DEPB credit by an assessee only the amount in excess of the face value thereof would form part of profit as envisaged in clause (iiid) of section 28 - HC

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