https://www.taxtmi.com/caselaws?id=37969 The High Court ruled in favor of the revenue in a case involving taxability of a sum received under an export incentive scheme and the admissibility of a salary paid to an individual. The court held that the amount received under the scheme was taxable income as it was earned in the course of business and not a capital receipt. Additionally, the salary payment was disallowed due to insufficient evidence of services rendered, with the court upholding the decision based on material evidence presented. Both issues were resolved in favor of the revenue. en-us Mon, 27 Feb 1978 00:00:00 +0530 Fri, 02 Apr 2010 13:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37969 The High Court ruled in favor of the revenue in a case involving taxability of a sum received under an export incentive scheme and the admissibility of a salary paid to an individual. The court held that the amount received under the scheme was taxable income as it was earned in the course of business and not a capital receipt. Additionally, the salary payment was disallowed due to insufficient evidence of services rendered, with the court upholding the decision based on material evidence presented. Both issues were resolved in favor of the revenue. Case-Laws Income Tax Mon, 27 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37969