Case Law Details

Case Name : Top man Exports Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 5769/Mum/2006
Date of Judgement/Order : 06/11/2006
Related Assessment Year :

In Topman Exports vs. ITO 318 ITR 87 (Mum)(SB)(AT) the Special Bench held that for purposes of s. 80HHC only the “profit” on sale of DEPB entitlements (i.e. the sale value less the face value) was required to be considered. In an appeal by the department, this judgement has been reversed by the Bombay High Court today, 29th June 2010.

The judgement of the High Court shall be available shortly on our website.

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Category : Income Tax (24913)
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Tags : export turnover (19) ITAT Judgments (4392)

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