https://www.taxtmi.com/article/detailed?id=10459 The tribunal found that export entitlements and duty drawback are income assessable as profits or gains from business or profession, that statutory provisions treating cash assistance and profit on transfer of duty remission entitlements assimilate such incentives to business receipts, and that the assessing officer's treatment in computing profits for the industrial undertaking deduction was therefore appropriate, rendering the revisional direction to exclude those receipts unjustified. en-us Wed, 15 Jun 2022 10:26:33 +0530 Wed, 15 Jun 2022 10:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10459 The tribunal found that export entitlements and duty drawback are income assessable as profits or gains from business or profession, that statutory provisions treating cash assistance and profit on transfer of duty remission entitlements assimilate such incentives to business receipts, and that the assessing officer's treatment in computing profits for the industrial undertaking deduction was therefore appropriate, rendering the revisional direction to exclude those receipts unjustified. Articles Income Tax Wed, 15 Jun 2022 10:26:33 +0530 https://www.taxtmi.com/article/detailed?id=10459