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2010 (10) TMI 638 - HC - Income TaxAddition - export incentive - duty draw back rate - The Tribunal, after examining the scheme for export incentive, found that before quantification based on verification, no income could be held to have accrued to the assessee - There is nothing to dispute this factual aspect - In such a situation, the Tribunal rightly held that no income accrued till claim of the assessee was quantified and verified - Do not find it necessary to give direction to the Tribunal to refer the said question for opinion of this Court. Disallowance - Personal use of cars by the Directors of the company - learned counsel for the revenue fairly states that the amount involved is only Rs. 15,000 and in view of smallness of the amount involved, there is no justification for directing reference of the said question.
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