{"id":580,"date":"2010-06-29T09:43:52","date_gmt":"2010-06-29T09:43:52","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=580"},"modified":"2010-07-09T20:03:54","modified_gmt":"2010-07-09T20:03:54","slug":"special-bench-judgement-in-topman-exports-reversed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/special-bench-judgement-in-topman-exports-reversed\/","title":{"rendered":"Special Bench judgement in Topman Exports reversed"},"content":{"rendered":"<p>In <strong><a href=\"https:\/\/itatonline.org\/archives\/index.php\/topman-exports-vs-ito-itat-mumbai-special-bench\">Topman Exports vs. ITO<\/a><\/strong> 318 ITR 87 (Mum)(SB)(AT) the Special Bench held that for purposes of s. 80HHC only the \u201cprofit\u201d 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, <strong>this judgement has been <em>reversed<\/em> by the Bombay High Court<\/strong> today, 29th June 2010 in <strong><a href=\"https:\/\/bit.ly\/TopManz\">CIT vs. Kalpataru Colours and Chemicals<\/a><\/strong>.  <\/p>\n<div class=\"journal4\">Click <a href=\"https:\/\/bit.ly\/TopManz\">here <\/a>for the judgement of the High Court.\n <\/div>\n","protected":false},"excerpt":{"rendered":"<p>In <strong>Topman Exports vs. ITO<\/strong> 318 ITR 87 (Mum)(SB)(AT) the Special Bench held that for purposes of s. 80HHC only the \u201cprofit\u201d 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, <strong>this judgement has been <em>reversed<\/em> by the Bombay High<\/strong> today, 29th June 2010.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/special-bench-judgement-in-topman-exports-reversed\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,6],"tags":[],"class_list":["post-580","post","type-post","status-publish","format-standard","hentry","category-all-information","category-supreme-courthigh-court-related"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=580"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/580\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}