https://www.taxtmi.com/caselaws?id=192792 The Tribunal ruled in favor of the assessee on both issues. Regarding the Excise Duty refund, it upheld the CIT(Appeals) decision that the refund constituted a capital receipt not taxable and allowed the deduction under section 80IB. For the rebate and discount issue, the Tribunal supported the CIT(Appeals) decision to allow the deduction related to material purchases, citing previous decisions and legal interpretations. The Tribunal dismissed the Revenue's appeals on both grounds, affirming the favorable outcomes for the assessee based on precedent and legal analysis. en-us Mon, 02 May 2016 00:00:00 +0530 Tue, 20 Jun 2017 22:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192792 The Tribunal ruled in favor of the assessee on both issues. Regarding the Excise Duty refund, it upheld the CIT(Appeals) decision that the refund constituted a capital receipt not taxable and allowed the deduction under section 80IB. For the rebate and discount issue, the Tribunal supported the CIT(Appeals) decision to allow the deduction related to material purchases, citing previous decisions and legal interpretations. The Tribunal dismissed the Revenue's appeals on both grounds, affirming the favorable outcomes for the assessee based on precedent and legal analysis. Case-Laws Income Tax Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192792