https://www.taxtmi.com/caselaws?id=208008 The Appellate Tribunal, ITAT Mumbai, allowed the Revenue's Miscellaneous Petition seeking rectification of an order on duty draw back as income for relief under section 80I. The Tribunal held that duty draw back cannot be considered income derived from the industrial undertaking based on a Supreme Court decision. It emphasized the importance of rectification to prevent prejudice and applied the Supreme Court's decision universally without factual verification. The Tribunal modified its order in favor of the Revenue, citing the case of Liberty India Ltd. The Revenue's rectification application was granted. en-us Thu, 28 Jan 2010 00:00:00 +0530 Mon, 02 Jan 2012 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208008 The Appellate Tribunal, ITAT Mumbai, allowed the Revenue's Miscellaneous Petition seeking rectification of an order on duty draw back as income for relief under section 80I. The Tribunal held that duty draw back cannot be considered income derived from the industrial undertaking based on a Supreme Court decision. It emphasized the importance of rectification to prevent prejudice and applied the Supreme Court's decision universally without factual verification. The Tribunal modified its order in favor of the Revenue, citing the case of Liberty India Ltd. The Revenue's rectification application was granted. Case-Laws Income Tax Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208008