https://www.taxtmi.com/caselaws?id=58202 The Tribunal ruled that Cash Compensatory Support (CCS) is not taxable as it is considered a capital receipt, following the Special Bench decision. However, duty drawback received in cash is taxable as a revenue receipt. Interest on late receipt of export proceeds was deemed non-deductible under Section 80HHC as it is not part of the turnover. The Tribunal directed the Assessing Officer to levy interest under specific sections only after providing the assessee with an opportunity to be heard, partially allowing the appeal. en-us Wed, 05 Apr 1989 00:00:00 +0530 Fri, 17 Dec 2010 18:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58202 The Tribunal ruled that Cash Compensatory Support (CCS) is not taxable as it is considered a capital receipt, following the Special Bench decision. However, duty drawback received in cash is taxable as a revenue receipt. Interest on late receipt of export proceeds was deemed non-deductible under Section 80HHC as it is not part of the turnover. The Tribunal directed the Assessing Officer to levy interest under specific sections only after providing the assessee with an opportunity to be heard, partially allowing the appeal. Case-Laws Income Tax Wed, 05 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58202