1995 (11) TMI 52

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..... ance 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 liable to tax under the provisions of the .....

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..... 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 (va), (vb) and (vc). The income from the .....

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