Tribunal was right in holding that the cash compensatory assistance and duty drawback were liable to tax on receipt basis and not on accrual basis. Followed
CIT (LTU) v. Asea Brown Boveri Ltd. (2020)427 ITR 166 (Karn.)(HC). (AY. 1998-99)
CIT (LTU) v. ABB Ltd. (2020)429 ITR 355 (Karn.)(HC)
S. 5 : Scope of total income-Accrual of income-Cash compensatory assistance and duty drawback-Tribunal holding that liability to tax is on receipt basis and not on accrual basis. [S. 4, 80HHC, 145]