https://www.taxtmi.com/caselaws?id=261823 The Court ruled in favor of the Assessee, holding that the excise duty refund claimed should be treated as a capital receipt reducing the project cost. The Court clarified the correct provision under the Income Tax Act and emphasized that such refunds are related to capital assets, aligning with established legal principles. The appeal was dismissed with no order as to costs. en-us Tue, 21 Jul 2015 00:00:00 +0530 Wed, 05 Jul 2023 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261823 The Court ruled in favor of the Assessee, holding that the excise duty refund claimed should be treated as a capital receipt reducing the project cost. The Court clarified the correct provision under the Income Tax Act and emphasized that such refunds are related to capital assets, aligning with established legal principles. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261823