https://www.taxtmi.com/caselaws?id=28670 Customs duty drawback and excise duty refund were treated as part of export turnover because they were directly attributable to export activity and had a sufficient nexus with the export business. Profits from import entitlements were excluded because their effective source was import activity, with only an indirect connection to exports; the relevant test was the source of the income, not the mere occasion for obtaining the entitlement. The objection based on a supposed double advantage was rejected as irrelevant. Accordingly, drawback and refund amounts were includible in export turnover, but import-entitlement profits were not. en-us Mon, 31 Jan 1983 00:00:00 +0530 Wed, 24 Feb 2010 16:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28670 Customs duty drawback and excise duty refund were treated as part of export turnover because they were directly attributable to export activity and had a sufficient nexus with the export business. Profits from import entitlements were excluded because their effective source was import activity, with only an indirect connection to exports; the relevant test was the source of the income, not the mere occasion for obtaining the entitlement. The objection based on a supposed double advantage was rejected as irrelevant. Accordingly, drawback and refund amounts were includible in export turnover, but import-entitlement profits were not. Case-Laws Income Tax Mon, 31 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28670