https://www.taxtmi.com/caselaws?id=116644 Duty drawback received on exports made in the assessee's own name is treated as export incentive and, under section 28(iiia), section 28(iiib) and section 28(iiic) of the Income-tax Act, is chargeable as business income. Where the exports, invoices and drawback claim stand in the assessee's name, the amount accrues to the assessee in the first instance. Later transfer of the proceeds to a sister concern does not negate accrual or alter taxability in the assessee's hands, so the receipt remains assessable as business income. en-us Wed, 16 Jun 2004 00:00:00 +0530 Thu, 14 Jun 2012 14:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116644 Duty drawback received on exports made in the assessee's own name is treated as export incentive and, under section 28(iiia), section 28(iiib) and section 28(iiic) of the Income-tax Act, is chargeable as business income. Where the exports, invoices and drawback claim stand in the assessee's name, the amount accrues to the assessee in the first instance. Later transfer of the proceeds to a sister concern does not negate accrual or alter taxability in the assessee's hands, so the receipt remains assessable as business income. Case-Laws Income Tax Wed, 16 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116644