https://www.taxtmi.com/caselaws?id=205792 The High Court upheld the Tribunal's decision that duty draw back income accrued upon verification and quantification by the competent authority, not at the time of export. Regarding the disallowance of personal use of cars by directors under section 38(2) of the Income-tax Act, the Court dismissed the application due to the minimal amount involved, Rs. 15,000, deeming it insignificant for reference. en-us Mon, 11 Oct 2010 00:00:00 +0530 Mon, 31 Oct 2011 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205792 The High Court upheld the Tribunal's decision that duty draw back income accrued upon verification and quantification by the competent authority, not at the time of export. Regarding the disallowance of personal use of cars by directors under section 38(2) of the Income-tax Act, the Court dismissed the application due to the minimal amount involved, Rs. 15,000, deeming it insignificant for reference. Case-Laws Income Tax Mon, 11 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205792