disposed of in the open market or by the issue of export permits from the State.
5. The Government of Punjab, however ... surplus State in India. During the year 1972 there was a surplus of 34 lakh tonnes of wheat and in the following year the surplus
such, there was a surplus
realisation in terms of Indian currency. The question is
whether the aforesaid surplus realisation ... export the
aforesaid surplus would not have been realised. Hence,
this surplus realisation is certainly relatable to the export.
Therefore, we hold that this
made to rise inordinately even within a surplus State, like the Punjab for purposes of export so as to go beyond the envisaged limit
shelling plants within the custom bonded area under the 100 per cent Export Oriented Scheme. It was also maintained that the simple mentioning ... production to be exported except 5 per cent rejects. It also elucidates the concession given to such 100 per cent Export-Oriented Units like
counting past service rendered in the department of Small
Scale Industries and Export Corporation Limited, Chandigarh. The
respondent-Department has denied this allegation ... that Sudarshan Kumar otherwise was of
absorption of surplus staff of the Small Scale Industries and Export
Corporation Limited.
8. Consequently, we do not find
limit, it
cannot be considered as income from export
earnings, as there is no nexus between export
earnings and interest income and the interest income ... proceeds from
exports. That, every receipt is not income under the
Income-tax Act and every income may not be
attributable to exports
Export Corporation Limited (for short 'Corporation') and
prayed for higher pay scale and also that he could not be declared surplus.
Learned counsel
income
received from dry cleaning process is also an income in the export business
of the assessee, therefore, liable to be taken into consideration ... held that the interest income earned from surplus finance
which was for earning interest falling under the head 'income from other
sources' would
period.
It claimed exemption under Section 10B of the Act being 100% export
oriented unit. The assessee filed revised return under Section ... under the head "other sources" and the income earned on
surplus funds after commencement of business also as "income from
other sources
recovery pertains to sale made by the firm in the course of export outside the territory of India against "H" form ... proprietorship of respondent No. 4 through her son, Yogesh Goel, and the surplus generated from the business of the firm during this period went
