Supreme Court of India
Vikas Kalra v. The Commissioner of Income Tax-viii, New Delhi
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2 Supreme Court benches have cited this judgment.
From the headnote
Income Tax Act, 1961 - ss. 80 HHC and 28(iiid) - Deductions in respect of profits retained for export business - Claim for, by exporter-Assessing Officer held that the entire sale value of Duty Entitlement Pass Book (DEPB) represents profit on transfer of DEPB u!s 28(iiid) and did not allow exemption/deduction u/s 80 HHC - Order upheld by Commissioner of Income Tax (Appeals) - Appellate Tribunal relying on a decision of Special Bench of the Tribunal in Ml s Topman Exports holding that the face value of DEPB would be cash assistance against export and would fall u/s 28 (iiid) and sale value
Authorities it was built on
Where later benches applied it
- 2023 M/s. Saraf Exports v. Commissioner of Income Tax, Jaipur-iii
- 2024 In Re : T.N. Godavarman Thirumulpad v. Union of India & Ors.
Of those, 1 referred to · 1 mentioned
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