https://www.taxtmi.com/caselaws?id=203364 The Tribunal allowed the appeal, affirming the assessee's entitlement to the deduction under Section 80IB for the excise duty refund. The decision was based on the Delhi High Court's ruling in CIT vs. Dharampal Premchand Ltd., which established that excise duty refunds do not impact profits for Section 80IB purposes. The Tribunal distinguished this case from Liberty India, emphasizing that excise duty refunds differ from DEPB/Duty Drawback incentives. en-us Fri, 29 Apr 2011 00:00:00 +0530 Mon, 23 May 2011 23:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203364 The Tribunal allowed the appeal, affirming the assessee's entitlement to the deduction under Section 80IB for the excise duty refund. The decision was based on the Delhi High Court's ruling in CIT vs. Dharampal Premchand Ltd., which established that excise duty refunds do not impact profits for Section 80IB purposes. The Tribunal distinguished this case from Liberty India, emphasizing that excise duty refunds differ from DEPB/Duty Drawback incentives. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203364