TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi High Court: Taxable Income Includes Cash Support & Duty Drawback</h1> <h3>Commissioner Of Income-Tax Versus RD. Ramnath And Co.</h3> The High Court of Delhi held that cash compensatory support, duty drawback, profit on sale of import entitlements, and profit on sale of imported ... Business Income, Cash Compensatory Support The High Court of Delhi ruled that cash compensatory support, duty drawback, and profit on sale of import entitlements are taxable as income due to retrospective amendments in the Income-tax Act. Profit on sale of imported machinery is also taxable as business profits. The court answered question No. 1 in favor of the Revenue and returned questions 2 and 3 unanswered.
TaxTMI 
TaxTMI 
