https://www.taxtmi.com/caselaws?id=18436 The High Court of Rajasthan ruled in favor of the Revenue, holding that cash compensatory support (CCS) should be treated as income chargeable to tax under the amended provisions of section 28 of the Income-tax Act. The court noted the legislative changes specifying the taxability of export-related incentives, including CCS, as profits under the head "Profits and gains of business or profession." Consequently, the court deemed it unnecessary to analyze the specific case, as the amended law definitively resolved the issue in favor of taxability of CCS, aligning with the Revenue's stance. en-us Tue, 14 Nov 1995 00:00:00 +0530 Wed, 30 Sep 2009 18:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18436 The High Court of Rajasthan ruled in favor of the Revenue, holding that cash compensatory support (CCS) should be treated as income chargeable to tax under the amended provisions of section 28 of the Income-tax Act. The court noted the legislative changes specifying the taxability of export-related incentives, including CCS, as profits under the head "Profits and gains of business or profession." Consequently, the court deemed it unnecessary to analyze the specific case, as the amended law definitively resolved the issue in favor of taxability of CCS, aligning with the Revenue's stance. Case-Laws Income Tax Tue, 14 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18436