https://www.taxtmi.com/caselaws?id=206353 The Tribunal upheld the taxability of excise duty refund and interest subsidy as revenue receipts, denying their deduction under Section 80-IB. The levy of interest under Section 234B was upheld, and additional grounds seeking to treat the receipts as capital were dismissed. The appeals by both the assessees and the Revenue were dismissed. en-us Thu, 26 Nov 2009 00:00:00 +0530 Tue, 28 Jun 2016 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206353 The Tribunal upheld the taxability of excise duty refund and interest subsidy as revenue receipts, denying their deduction under Section 80-IB. The levy of interest under Section 234B was upheld, and additional grounds seeking to treat the receipts as capital were dismissed. The appeals by both the assessees and the Revenue were dismissed. Case-Laws Income Tax Thu, 26 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206353