https://www.taxtmi.com/caselaws?id=8373 The court ruled that the assessee was entitled to a rebate only on the turnover directly exported, not on commission transactions. It clarified that profits must be directly linked to the export activity to qualify for the rebate under section 2(5) of the Finance Act, 1962. The judgment emphasized that the provision aims to incentivize export trade by granting rebates on profits derived from exporting goods out of India, specifically excluding commission sales from eligibility for the rebate. en-us Thu, 03 Dec 1970 00:00:00 +0530 Fri, 10 Apr 2009 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8373 The court ruled that the assessee was entitled to a rebate only on the turnover directly exported, not on commission transactions. It clarified that profits must be directly linked to the export activity to qualify for the rebate under section 2(5) of the Finance Act, 1962. The judgment emphasized that the provision aims to incentivize export trade by granting rebates on profits derived from exporting goods out of India, specifically excluding commission sales from eligibility for the rebate. Case-Laws Income Tax Thu, 03 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8373