Court held that . Law laid down inCIT v. Baby Marine Exports ( 2007) 290 ITR 323 (SC) & CIT v.Sushil Kumar Gupta SPLA No 7615 of 2009 & CA No 6437 of 2012 dt. 12-09 -2012 (SC) is not correct. Question whether supporting manufacturer who receives export incentives in the form of duty draw back (DDB), Duty Entitlement Pass Book (DEPB) etc. is entitled for deduction u/s 80HHC is referred to the larger Bench. ( CA NO. 4590 OF 2018, dt. 27.04.2018) ( AY. 2001-02)
CIT v. Carpet India ( 2018)405 ITR 469/ 165 DTR 233 / 302 CTR 183/ 255 Taxman 438 (SC) , www.itatonline.org
S. 80HHC : Export business –Supporting manufacturer – Question whether supporting manufacturer who receives export incentives in the form of duty draw back (DDB), Duty Entitlement Pass Book (DEPB) etc. is entitled for deduction u/s 80HHC is referred to the larger Bench