Incentive received from Government for exploring new market -capital receipt or revenue receipt?

JCIT (OSD) Vs Eastman Exports Global Clothing (P) Ltd. (ITAT Chennai)

We have considered the rival submissions on either side and also perused the relevant material available on record. The Market Linked Focus Product Scheme is a scheme promoted by the Director General of Foreign Trade wherein incentive @ 2% on the FOB value of the total export was allowed. As per the Scheme, the incentive was given to export products in a specified market. The export of products which are covered under FPS list would be

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