https://www.taxtmi.com/caselaws?id=174171 The ITAT, Amritsar, dismissed the Revenue's appeals challenging the CIT(A)'s decisions on two issues. Firstly, regarding the deduction u/s 80IB on Central Excise Duty refund, the ITAT upheld the CIT(A)'s decision, following the High Court's classification of the refund as a capital receipt. Secondly, concerning the disallowance of deduction u/s 40(a)(ia) for TDS default, the ITAT affirmed the CIT(A)'s deletion of the addition, citing precedents and supporting the reasoning and evidence provided. Ultimately, the ITAT upheld the CIT(A)'s decisions on both issues, rejecting the Revenue's appeals. en-us Fri, 27 Jul 2012 00:00:00 +0530 Thu, 15 Jun 2017 19:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174171 The ITAT, Amritsar, dismissed the Revenue's appeals challenging the CIT(A)'s decisions on two issues. Firstly, regarding the deduction u/s 80IB on Central Excise Duty refund, the ITAT upheld the CIT(A)'s decision, following the High Court's classification of the refund as a capital receipt. Secondly, concerning the disallowance of deduction u/s 40(a)(ia) for TDS default, the ITAT affirmed the CIT(A)'s deletion of the addition, citing precedents and supporting the reasoning and evidence provided. Ultimately, the ITAT upheld the CIT(A)'s decisions on both issues, rejecting the Revenue's appeals. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174171