https://www.taxtmi.com/caselaws?id=62909 The Tribunal held that the refunded excise duty is taxable when received, with deductions allowed when refunded to customers. Regarding the deduction claim under section 35AB, the Tribunal directed the AO to verify the assessee's accounting method, allowing the deduction if the mercantile system is used. en-us Tue, 31 Oct 1995 00:00:00 +0530 Sat, 22 Jan 2011 15:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62909 The Tribunal held that the refunded excise duty is taxable when received, with deductions allowed when refunded to customers. Regarding the deduction claim under section 35AB, the Tribunal directed the AO to verify the assessee's accounting method, allowing the deduction if the mercantile system is used. Case-Laws Income Tax Tue, 31 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62909