https://www.taxtmi.com/caselaws?id=187523 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision, determining that the excise duty refund should be treated as a capital receipt and not included as income. The Tribunal relied on legal precedent and dismissed the Revenue's appeal, affirming that the excise duty refund falls under the category of capital receipts. However, the Tribunal did not specifically address the eligibility of the excise duty refund for deduction under section 80IB of the Income Tax Act. en-us Fri, 17 Jan 2014 00:00:00 +0530 Tue, 25 Oct 2016 15:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187523 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision, determining that the excise duty refund should be treated as a capital receipt and not included as income. The Tribunal relied on legal precedent and dismissed the Revenue's appeal, affirming that the excise duty refund falls under the category of capital receipts. However, the Tribunal did not specifically address the eligibility of the excise duty refund for deduction under section 80IB of the Income Tax Act. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187523