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Special Bench of ITAT Ruling on-"What treatment should be given to DEPB licence benefits/receipts by the assessee while computing deductions u/s. 80HHC (3) of the I T Act?"
October, 27th 2008






Sr. No.

ITA Nos.





Revenue by

Assessee by


39071 Ahd/2004 A Y: 2000-01

DCIT, Cent. Cir. 2(4) Ahemedabad

M/s Zaveri & Co. Exports

Swagat Building C.G. Road, Ahmedabad

Shri S. Panwar

Shri M.K.



34831 Ahd/2004 A Y: 2001-2002

ITO, Ward-7(2) Ahmedabad.

M/s. Far East Trading Co.  

"Jay" Unique Park Satelite Road, Ahmedabad


Shri tushar Hemeni


3092/Ahd/2004 AY: 2001-2002

ACIT, Cir.2 Ahmedabad.

M/s. Asiatic Industries Plot No.1504, GIDC Estate Naroda, Ahmedabad 382 330.


Shri Tushar Hemani


30931 Ahd/2004 A Y : 2001- 2002

Tarulata Agrawal Shilalekh2002 Opp: Police Stadium Shahibag, Ahmedabad-4.

ACIT, Cir.2 Ahmedabad.





2521/Ahd/2004 A Y:2001-2002

DCIT, Cir.6 Ahmedabad.

M/s. Shelln Extruders

498, GIDC Phase-II Vatva, Ahmedabad.




34971 Ahd/2004 A Y: 20012002

DCIT, Cir. 11 Ahmedabad.

M/s. Asian Dye-Staff Inds.

S-14, Municipal Indl. Estate, Bapunagar, Ahmedabad


Shri Sakar



3565/Ahd/2004 A Y: 2001-2002

DCIT (OSD) Range-1, Ahmedabad

Angiplat Pvt. Ltd

4803, Phase-IV, GIDC Vatva, Mehta Ahmedabad


Shri P.M.



3686/ Ahd/2004 AY: 2001-2002

ACIT, Cir.10 Ahmedabad.

M/s. V.K. International

34, Omkar House C.G. Road, Navrangpura Ahmedabad.


Shri Tushar



39291Ahd/2004 AY: 2001-2002

DCIT, Cir.7 Ahmedabad.

M/s. Ashish Chemicals Lane No.13, Bungalow No.24, Styagrah Chavani Ahmedabad.




3521/Ahd/2004 A Y: 2001-2002 With CO349/Ahd/2004

ACIT, Cir.8 Ahmedabad.

Shanti Export Pvt. Ltd. Chiripal House Opp: Asopalav Party Plot Satellite, Ahmedabad.


Shri P.M. Mehta



3563/Ahd/2004 AY: 2001-2002

ITO, Ward-7(4) Ahmedabad.

M/s. Avi Trading

Co. B-202, Suflam, Naranpura Ahmedabad.


Shri S.N. Divetia


3496/ Ahd/2004 A Y: 2001-2002

DCIT, Cir.11 Ahmedabad.

M/s. Rang International

173, New Cloth Market Ahmedabad.




36851 Ahd/2004 A Y: 2001-2002 With CO No.251 Ahd/2005

ACIT, Cir.l0 Ahmedabad.

M/s. Saujanya Dye Chem

803, Satkar Building Nr. Swagat Building C.G. Road, Navrangpura  Ahmedabad


Shri Tushar Hemani


3482/ Ahd/2004 A Y :2001-2002

ITO, Ward-3(4) Ahmedabad.

M/s. Keen Associates

905/2, GIDC Estate Phase-IV, Naroda Ahmedabad


Shri Divyakant Parikh


3179/Ahd/2004 AY: 2001-2002

DCIT(OSD), Range-1, Ahmedabad.

Asahi Songwon Colours Ltd

30, Ambica Society Usmanpura, Ahmedabad.




3316/Ahd/2004 AY: 2001-02

ACIT, Cir.3 Ahmedabad.

Sterling Export Corp. GIDC Naroda, Ahmedabad.


Shri Tushar Hemani


10/ Ahd/2005 AY: 2001-02

ACIT, Cir.l0 Ahmedabad.

M/s. Pradip Exports

601, Narnarayan Complex, Swastik Char Rasta Navrangpura, Ahmedahad


Shri Tushar Hemani


16/Ahd/2005 A Y: 2000-01

ACIT, Cir.10 Ahmedabad

M/s. Pradip Exprts

601, Narnarayan Complex Swastik Char Rasta Navrangpura, Ahmedabad.

Shri D. N. Mishra



3928/Ahd/2004 AY: 2001-02 With CO No. 581 Ahd/2005

DCIT,Cir.7 Ahmedabad.

M/s. Ramdev Exports Ramdev Estate Nr. Sola Overbridge SG Highway, Ahmedabad.

Shri S.S. Panwar

Shri S.N. Divetia


11/Ahd/2005 A Y:2001-2002

ACIT, Cir. 10 Ahmedabad.

M/s. Stellar International

206, Akruti Complex Nr.Stadium Circle N avrangpura,Ahmedabad.




AIT Head Note: "What treatment should be given to DEPB licence benefits/receipts by the assessee while computing deductions u/s. 80HHC (3) of the I T Act?"


O   R   D   E   R


PER GARG, VICE-PRESIDENT: President, Income-tax Appellate Tribunal, vide order dated 01-8-2008 has constituted this Special Bench for adjudicating the following question in this bunch of appeals:-


"What treatment should be given to DEPB licence benefits/receipts by the assessee while computing deductions u/s. 80HHC (3) of the I T Act?"


2. At the time when reference was made, there was conflicting opinion of the Tribunal with regard to the treatment to be given to DEPB Licence benefit receipt by the assessee - some of the Benches holding that it was a receipt within the meaning of Section 28(iiia) or receipt under clause 28(iiib) or even under clause (iiic) of section 28 of the Act and others opining that it was receipt in the nature referred to in clause (v) of section 28 i.e. value of any benefit to perquisite, whether convertible into money or not, arising from business or the exercise of a profession. There has been an amendment by Finance Act, 2005 by insertion of clauses (iiid) and (iiie) in section 28 as well as by insertion of provision to Section 80HHC (3) with retrospective effect from 1-4-1998 including DEPB receipt as part of the business income and profit for the treatment to be given to such receipt while computing deduction under Section 80HHC (3) of the Act. As the amendment is with retrospective effect and the issues is to be processed afresh in accordance therewith and computation of deduction under section 80HHC (3), with respect thereto. We, therefore, in the interest of justice set aside assessment on this issue in all these appeals to examine the claim of the assessee with regard to conditions laid down for claiming deduction under Sections 28 and 80HHC(3) by various provisions added to Section 80HHC by the said Finance Act, 2005. Accordingly, all these appeals are set aside back to the file of AO with this direction.


3. In the result appeals being ITA Nos. 3907/Ahd/2004, 3565/Ahd/2004,  3929/Ahd/2004,             3563/Ahd/2004,             3482/Ahd/2004,          3179/Ahd/2004, 3316/Ahd/2004,       3928/Ahd/2004           3483/Ahd/2004,            3092/Ahd/2004, 3093/Ahd/2004,      3497/Ahd/2004,          3686/Ahd/2004,          35211Ahd12004 and 3496/Ahd/2004 are allowed for statistical purposes.


4. In other appeals and COs. being ITA No.3685/ Ahd/2004 with co No.25/Ahd/2005, 2521/Ahd/2004, 10 & 16/Ahd/2005, CO No.349/Ahd/2004 in ITA No.3521/Ahd/2004 and 11/Ahd/2005 other issues are involved and raised, and therefore, these are to be decided by the Division Bench to dispose of accordingly


Pronounced in the Open Court on 12th September, 2008.

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