https://www.taxtmi.com/caselaws?id=466713 Sale consideration for Focus scrips/licenses was held to be a capital receipt and not part of the profits of the industrial undertaking for purposes of the 80-IC deduction, favouring the assessee. Duty drawback was held not automatically includible in eligible profits where the duty component embedded in purchases equals or exceeds the drawback; the assessing officer is directed to verify vendor-wise purchases and duty paid and determine the net impact under law. Appeals were allowed for statistical purposes with factual verification directed to the assessing officer to determine final treatment. en-us Fri, 03 Mar 2023 00:00:00 +0530 Tue, 17 Feb 2026 19:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466713 Sale consideration for Focus scrips/licenses was held to be a capital receipt and not part of the profits of the industrial undertaking for purposes of the 80-IC deduction, favouring the assessee. Duty drawback was held not automatically includible in eligible profits where the duty component embedded in purchases equals or exceeds the drawback; the assessing officer is directed to verify vendor-wise purchases and duty paid and determine the net impact under law. Appeals were allowed for statistical purposes with factual verification directed to the assessing officer to determine final treatment. Case-Laws Income Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466713