Dismissed
M/S Saraf Seasoning Udyog v. the Commissioner of Income Tax and Anr.
Rajasthan HCITA/323/2017
Case brief
AI extract
What is this about?
The High Court of Rajasthan collectively disposed of four connected D.B. Income Tax Appeals. The court held that the appellant was not entitled to deduction under Section 80-IB for DEPB and Duty Drawback. The appeals were dismissed by following the Supreme Court decision in M/s. Saraf Exports held on 10.04.2023.
What did the court decide?
The common question of entitlement to deduction under Section 80-IB for DEPB and Duty Drawback schemes was resolved against the appellant, and all appeals were dismissed.