https://www.taxtmi.com/caselaws?id=63161 Section 80J relief was required to be recomputed under the amended position by deducting liabilities from capital employed, and the earlier broader computation was rejected. Section 35B weighted deduction was allowed only partly: special packing material for export goods and a limited portion of export office overheads qualified, while post-shipment interest, exchange variation, freight and forwarding charges did not. Cash compensatory support was treated as capital in nature because it promoted export capability without a specific trading reimbursement. Duty drawback, sale proceeds of import entitlements, and exchange-rate gain were held taxable as revenue receipts. The refusal to enhance the assessment by withdrawing an allowed weighted deduction was not disturbed. en-us Fri, 25 Mar 1988 00:00:00 +0530 Fri, 28 Jan 2011 11:17:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63161 Section 80J relief was required to be recomputed under the amended position by deducting liabilities from capital employed, and the earlier broader computation was rejected. Section 35B weighted deduction was allowed only partly: special packing material for export goods and a limited portion of export office overheads qualified, while post-shipment interest, exchange variation, freight and forwarding charges did not. Cash compensatory support was treated as capital in nature because it promoted export capability without a specific trading reimbursement. Duty drawback, sale proceeds of import entitlements, and exchange-rate gain were held taxable as revenue receipts. The refusal to enhance the assessment by withdrawing an allowed weighted deduction was not disturbed. Case-Laws Income Tax Fri, 25 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63161