Court : Income Tax Appellate Tribunal ITAT Delhi
Reported in : (1988)25ITD193(Delhi)
..... the amount is given just to encourage exports, for example of cotton textiles and other textiles, the amount paid to the businessman would be of revenue nature as it is being given to him in the course of his business and for the purpose of his business and even if the said assessee had converted the amount received into a ..... the case of all india lakshmi commercial bank officers' union (supra) is concerned, it was only held therein that the income-tax authorities acting anywhere in india have to respect the law laid down by a high court whether in the state in which they are functioning or ..... production of export-oriented industries, but which are in the nature of freely transferable entitlements against export earning may not be introduced as effective export promotion measures, particularly in the current stage of our economic ..... view that the decision of a high court operates only in the territorial area of that high court and that it does not operate in any other territorial area however incongruous, ..... the port of loading.alexander committee devoted a full chapter to consider tariff system.to mix up the object of ..... his submissions on nabhi's handbook of export promotion 1986-87 and had referred therein to the following extract appearing at page 11.38 : it is for the information of the member exporters, when any claim is sanctioned by the reserve bank of india whether against quality or otherwise and the waiver given in absence of non-repatriation of ..... preliminary ..... acquisition ..... mills .....
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