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2007 (6) TMI 484 - GUJARAT HIGH COURTDeduction u/s 80IA of the Income Tax Act – inclusion of duty draw back – Held that:- Scheme of duty drawback is framed and embodied in the statutory provisions in order to relieve the goods to be exported of the burden of customs duties and excise duties - As customs duties and excise duties are admittedly an integral part of the cost of production, and therefore, any receipts by way of reimbursement of such duties is inextricably linked with the cost of production which has to be reflected in P & L A/c of the assessee - Duty drawback is "derived from" the industrial undertaking and, therefore, eligible for relief - in favour of the assessee Decision in the matter of CIT v. India Gelatin & Chemicals Ltd. [2004 (4) TMI 20 - GUJARAT HIGH COURT] followed.
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