https://www.taxtmi.com/caselaws?id=466467 Duty drawback receipts are treated as remission of duty constituting an independent source of income and therefore do not form part of "export turnover" for the purpose of claiming deduction under section 10AA; accordingly such receipts cannot be treated as profits and gains derived from export and the deduction claim is disallowed. The tribunal applied the reasoning in the Supreme Court precedent on remission of duty/drawback to conclude that consideration means sales consideration from export and duty drawback is distinct from sales consideration and excluded from export turnover. en-us Thu, 27 Feb 2025 00:00:00 +0530 Mon, 09 Feb 2026 12:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466467 Duty drawback receipts are treated as remission of duty constituting an independent source of income and therefore do not form part of "export turnover" for the purpose of claiming deduction under section 10AA; accordingly such receipts cannot be treated as profits and gains derived from export and the deduction claim is disallowed. The tribunal applied the reasoning in the Supreme Court precedent on remission of duty/drawback to conclude that consideration means sales consideration from export and duty drawback is distinct from sales consideration and excluded from export turnover. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466467