Duty Drawback Taxable on Receipt Basis & Mere Mismatch with CBEC Data Not Sufficient

Bando India Private Limited Vs ITO (ITAT Delhi) Addition Deleted Due to Incorrect Accrual Taxation of Duty Drawback Income;  ITAT Rejects Accrual Basis Taxation Due to Clear Statutory Provision Under Section 145B(3);  Mismatch with CBEC Data Not Sufficient for Accrual Taxation of Duty Drawback Income. In Bando India Private Limited Vs ITO, the Income Tax Appellate Tribunal, Delhi Bench, considered the taxability of duty drawback income for Assessment Year 2018–19. The assessee had filed its return declaring NIL income and offered duty drawback income on a receipt basis, consistent with its...