Only “Profit element” embedded in sale proceeds of DEPB is to be reduced u/s 28(iiid) for computing deduction u/s 80HHC:

Only “Profit element” embedded in sale proceeds of DEPB is to be reduced u/s 28(iiid) from the sale proceeds of the assessee for computing deduction u/s 80HHC and not the entire sale proceeds of DEPB.

[BLOOM DECOR PVT. LTD. - TAX APPEAL NO.1008 of 2011 - GHC]