https://www.taxtmi.com/caselaws?id=23911 The High Court of Kerala ruled that cash assistance received by the assessee for promoting exports is taxable business income. The assistance, provided by the Government of India, was directly linked to the export business and proportionate to the quantity of goods exported. The court upheld the decision to include the cash assistance in the taxable income, citing relevant legal precedents. The ruling favored the Revenue and went against the assessee, with the judgment to be forwarded to the Income-tax Appellate Tribunal, Cochin Bench. en-us Fri, 26 May 1989 00:00:00 +0530 Fri, 15 Jan 2010 12:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23911 The High Court of Kerala ruled that cash assistance received by the assessee for promoting exports is taxable business income. The assistance, provided by the Government of India, was directly linked to the export business and proportionate to the quantity of goods exported. The court upheld the decision to include the cash assistance in the taxable income, citing relevant legal precedents. The ruling favored the Revenue and went against the assessee, with the judgment to be forwarded to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Fri, 26 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23911