MADHUR INDUSTRIES LTD. vs COMMISSIONER OF INCOME TAX -II — C.A. No. 4148/2012

Summary of C.A. No. 004148/2012 (Madhur Industries Ltd. v. Commissioner of Income Tax-II) The Supreme Court allowed Madhur Industries' appeal on May 8, 2013, relying on its precedent decision in Topman Exports. The Court set aside the impugned judgments of the Bombay and Gujarat High Courts and directed the Assessing Officer to compute the Section 80HHC deduction in accordance with the Topman Exports ruling, which clarified that exporters with turnover exceeding Rs. 10 crores remain entitled to deductions under Section 80HHC on export profits from DEPB transfers. No order as to costs was imposed. This case analysis is maintained by casestatus.in based on publicly available court records.