https://www.taxtmi.com/caselaws?id=470749 ICDS-VII permits recognition of duty drawback as a government grant when there is reasonable assurance that attached conditions will be met and the grant will be received, while prohibiting deferral beyond actual receipt. Where export proceeds were realised within the relevant previous year, that assurance existed and drawback was taxable in that year; any later-year inclusion required exclusion to prevent double taxation. Where substantial export proceeds were not realised within the prescribed period, the export-realisation condition lacked reasonable assurance in the earlier year. Drawback actually received in the following year was therefore recognised and taxed in that later year. en-us Wed, 26 Mar 2025 00:00:00 +0530 Thu, 06 Aug 2026 19:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470749 ICDS-VII permits recognition of duty drawback as a government grant when there is reasonable assurance that attached conditions will be met and the grant will be received, while prohibiting deferral beyond actual receipt. Where export proceeds were realised within the relevant previous year, that assurance existed and drawback was taxable in that year; any later-year inclusion required exclusion to prevent double taxation. Where substantial export proceeds were not realised within the prescribed period, the export-realisation condition lacked reasonable assurance in the earlier year. Drawback actually received in the following year was therefore recognised and taxed in that later year. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470749