Duty drawback is to be allowed under section 10B

Mohini Originals v. ITO (ITAT Delhi)

Facts of the Case

The Assessee was an EOU filed its return of income, where AO observed that they have claimed exemption under section 10B which was allowed at the time of Assessment. Deduction on duty drawback was also allowed. However, in the proceedings for the next year A.O. disallowed the deduction.

Question of Law

Whether the disallowance of duty drawback u/s 10B was justified?

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