1995 (11) TMI 52

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....nal, Jaipur Bench, Jaipur, at the instance of the Revenue, has referred the following question of law under section 256(1) of the Income-tax Act, 1961, for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in allowing the assessee's claim that cash compensatory support for exports is a capital receipt not li....

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.... scheme of the Government of India and any duty of customs or excise repaid or repayable as drawback to any person against exports under the Customs and Central Excise Duty Drawback Rules, 1971, shall be chargeable to income-tax under the head "Profits and gains of business or profession". These income have, also, by way of amendment in section 2(24) been included as "income" by adding sub-clauses....