No Section 80IB deduction on profit from DEPB / Duty Drawback Schemes: SC

Saraf Exports Vs CIT (Supreme Court of India)

Whether Duty drawback and DEPB received as an incentive for exports can be said to be derived from the business of industrial undertaking and thus eligible for the benefits of Section 80-IB of Income-tax Act, 1961?

The Supreme Court was called upon to consider this issue again though the issue was already covered against the assessee in view of decision of Supreme Court itself in the case of Liberty India and Sterling Food. This was in view of subsequent

Please become a Premium member. If you are already a Premium member, login here to access the full content.