https://www.taxtmi.com/caselaws?id=23005 Amounts received by an exporter for transfer of import licences issued in connection with export business were treated as business income, not as a capital receipt. The Kerala HC noted that the receipt arose from the assessee's export activity and represented consideration linked to the business of exporting goods. Applying its earlier rulings on cash assistance and other export-linked receipts, the Court held that such amounts form part of taxable business income. The amount was therefore correctly assessed as income of the assessee. en-us Fri, 06 Jul 1990 00:00:00 +0530 Wed, 16 Dec 2009 10:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23005 Amounts received by an exporter for transfer of import licences issued in connection with export business were treated as business income, not as a capital receipt. The Kerala HC noted that the receipt arose from the assessee's export activity and represented consideration linked to the business of exporting goods. Applying its earlier rulings on cash assistance and other export-linked receipts, the Court held that such amounts form part of taxable business income. The amount was therefore correctly assessed as income of the assessee. Case-Laws Income Tax Fri, 06 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23005