https://www.taxtmi.com/caselaws?id=343183 The Tribunal dismissed the Revenue's appeals challenging the taxation of certain incomes under Section 80IB and the excise duty refund treatment. The Tribunal upheld the CIT(A)'s decisions on the set-off of indirect income, treating the excise duty refund as a capital receipt, and deletion of penalty under Section 271(1)(c). The delay in filing cross objections was condoned, and the cross objections partly allowed. en-us Thu, 18 May 2017 00:00:00 +0530 Sat, 20 May 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343183 The Tribunal dismissed the Revenue's appeals challenging the taxation of certain incomes under Section 80IB and the excise duty refund treatment. The Tribunal upheld the CIT(A)'s decisions on the set-off of indirect income, treating the excise duty refund as a capital receipt, and deletion of penalty under Section 271(1)(c). The delay in filing cross objections was condoned, and the cross objections partly allowed. Case-Laws Income Tax Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343183