https://www.taxtmi.com/caselaws?id=792048 Export incentive received under the Focus Product Scheme was treated as a capital receipt because it was directed towards market expansion rather than revenue operations. The claim, raised during assessment by letter, had to be examined on merits, and the issue was taken as covered by a coordinate bench ruling on identical facts in the immediately succeeding assessment year. On that basis, the incentive was held not to be assessable as income and the assessee's claim was accepted. en-us Wed, 22 Apr 2026 00:00:00 +0530 Thu, 21 May 2026 15:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792048 Export incentive received under the Focus Product Scheme was treated as a capital receipt because it was directed towards market expansion rather than revenue operations. The claim, raised during assessment by letter, had to be examined on merits, and the issue was taken as covered by a coordinate bench ruling on identical facts in the immediately succeeding assessment year. On that basis, the incentive was held not to be assessable as income and the assessee's claim was accepted. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792048