Case Law Details
Case Name : Commissioner of Income-tax-III, Rajkot Vs Orchev Pharma (P.) Ltd. (Supreme Court of India)
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Courts :
Supreme Court of India
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Supreme Court has reversed the High Court Judgment and held that Deduction u/s. 80-IA is not allowable on duty drawback amount. The issue involved is squarely covered by the decision of this Court in Liberty India v. CIT [2009] 317 ITR 218. Accordingly, the civil appeals filed by the department stand allowed with no order as to costs.
SUPREME COURT OF INDIA
Commissioner of Income-tax-III, Rajkot
v.
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