https://www.taxtmi.com/caselaws?id=71677 The appeal was dismissed as the receipts of Duty Drawback and Cash Assistance were deemed to be in the nature of realization of actionable claims, classified as capital receipts and not taxable under sections 28(iiib) and 28(iiic) or section 176(3A) of the Income-tax Act. The decision aligned with the Accountant Member's view, supported by the Supreme Court's ruling, emphasizing that the continuity of the business by the assessee precluded the application of section 176(3A). en-us Wed, 01 Sep 2004 00:00:00 +0530 Tue, 26 Apr 2011 15:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71677 The appeal was dismissed as the receipts of Duty Drawback and Cash Assistance were deemed to be in the nature of realization of actionable claims, classified as capital receipts and not taxable under sections 28(iiib) and 28(iiic) or section 176(3A) of the Income-tax Act. The decision aligned with the Accountant Member's view, supported by the Supreme Court's ruling, emphasizing that the continuity of the business by the assessee precluded the application of section 176(3A). Case-Laws Income Tax Wed, 01 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71677