https://www.taxtmi.com/caselaws?id=152066 The appeal was allowed in part. The central excise refund and other duty drawbacks and incentives were held to be taxable in the hands of the partnership firm. However, the Tribunal allowed the weighted deduction for brokerage on export sales under section 35B(1)(b)(iv). The Third Member's decision clarified that the central excise refund was not taxable under section 28(iv) as it was a cash receipt, aligning with the Gujarat High Court's interpretation. en-us Mon, 11 Oct 1993 00:00:00 +0530 Mon, 24 Jun 2013 11:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152066 The appeal was allowed in part. The central excise refund and other duty drawbacks and incentives were held to be taxable in the hands of the partnership firm. However, the Tribunal allowed the weighted deduction for brokerage on export sales under section 35B(1)(b)(iv). The Third Member's decision clarified that the central excise refund was not taxable under section 28(iv) as it was a cash receipt, aligning with the Gujarat High Court's interpretation. Case-Laws Income Tax Mon, 11 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152066