Punjab & Haryana H.C : The duty draw back accrues in the year in which rate is fixed by the competent authority, after verification of the claim of the assessee to be in order and the amount is quantified and not in the year of export even if the assessee keeps its account on mercantile basis

High Court Of Punjab & Haryana CIT, Patiala vs. Sriyansh Knitters (P.) Ltd. Assessment Year : 1987-88 Section : 5 Adarsh Kumar Goel And Ajay Kumar Mittal, JJ. ITC No. 184 Of 1994 October 11, 2010 ORDER Adarsh Kumar Goel, J. – This application has been filed under section 256(1) of the Income-tax Act, 1961…

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