https://www.taxtmi.com/caselaws?id=327948 The Tribunal dismissed the Department's appeal and partly allowed the assessee's appeal. It upheld the CIT(A)'s decision that the excise duty refund constituted a capital receipt not liable to tax under the Income Tax Act. The Tribunal directed the deletion of the disallowance related to wages, allowing the deduction under section 80IC. The order was pronounced on April 6, 2016. en-us Wed, 06 Apr 2016 00:00:00 +0530 Mon, 23 May 2016 09:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327948 The Tribunal dismissed the Department's appeal and partly allowed the assessee's appeal. It upheld the CIT(A)'s decision that the excise duty refund constituted a capital receipt not liable to tax under the Income Tax Act. The Tribunal directed the deletion of the disallowance related to wages, allowing the deduction under section 80IC. The order was pronounced on April 6, 2016. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327948