https://www.taxtmi.com/caselaws?id=180154 The ITAT dismissed the Revenue's appeal in ITA No.139(Asr)/2012, upholding the CIT(A) order for the assessment year 2008-09. The appeal challenged the allowance of deduction u/s 80IB for Excise Duty refund and the disallowance of EPF. The ITAT upheld the CIT(A) decision on both issues, deeming the Excise Duty refund as a capital receipt not liable to be taxed and allowing deduction u/s 80IB even on the amount of income enhancement due to EPF disallowance. en-us Tue, 03 Jul 2012 00:00:00 +0530 Thu, 17 Mar 2016 18:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180154 The ITAT dismissed the Revenue's appeal in ITA No.139(Asr)/2012, upholding the CIT(A) order for the assessment year 2008-09. The appeal challenged the allowance of deduction u/s 80IB for Excise Duty refund and the disallowance of EPF. The ITAT upheld the CIT(A) decision on both issues, deeming the Excise Duty refund as a capital receipt not liable to be taxed and allowing deduction u/s 80IB even on the amount of income enhancement due to EPF disallowance. Case-Laws Income Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180154