https://www.taxtmi.com/caselaws?id=327980 The Tribunal partly allowed the cross appeals by the revenue and the assessee, emphasizing the irrelevance of the deduction under section 80IB(4) due to the assessed net loss for the year. The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 and confirmed the treatment of the excise duty refund as a capital receipt. The issues concerning the deduction in subsequent years were left open for consideration based on the respective facts. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 24 May 2016 10:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327980 The Tribunal partly allowed the cross appeals by the revenue and the assessee, emphasizing the irrelevance of the deduction under section 80IB(4) due to the assessed net loss for the year. The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 and confirmed the treatment of the excise duty refund as a capital receipt. The issues concerning the deduction in subsequent years were left open for consideration based on the respective facts. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327980