2002 (7) TMI 32

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..... is referred for our opinion in respect of the assessment year 1984-85: "Whether the Tribunal was right in law and on facts in deleting the addition of Rs. 1,89,229 on account of 'export cash assistance' treating the same as a capital receipt?" Heard Mrs. Mauna Bhatt, learned standing counsel for the applicant-Revenue. Though served, none appears for the respondent-assessee. Learned counsel for .....

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..... ive effect, there can be no scope for any controversy and it has to be held that the export cash assistance received by the assessee was a revenue receipt. In view of the above discussion, our answer to the question is in the negative, i.e., in favour of the Revenue and against the assessee. The reference, accordingly, stands disposed of with no order as to costs.
Case laws, Decisions, Judge .....

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