https://www.taxtmi.com/caselaws?id=383530 The court dismissed the Income Tax Appeal challenging the inclusion of duty drawback in expenses, ruling that duty drawback does not qualify for exemption as it is not directly connected to the export business. The court distinguished the case from a previous decision granting exemption for a subsidy, emphasizing that the appellant's situation aligns with the precedent that duty drawback payments are not exempt from taxation. The court held that the appellant's case falls under the judgment in Liberty India, not the precedent cited by the appellant, resulting in the dismissal of the appeal. en-us Mon, 22 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383530 The court dismissed the Income Tax Appeal challenging the inclusion of duty drawback in expenses, ruling that duty drawback does not qualify for exemption as it is not directly connected to the export business. The court distinguished the case from a previous decision granting exemption for a subsidy, emphasizing that the appellant's situation aligns with the precedent that duty drawback payments are not exempt from taxation. The court held that the appellant's case falls under the judgment in Liberty India, not the precedent cited by the appellant, resulting in the dismissal of the appeal. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383530