https://www.taxtmi.com/caselaws?id=362901 The Tribunal allowed the appeals of the assessee, reversing the findings of the AO and CIT(A) on the royalty payment allocation and the exclusion of excise duty refunds from book profits. It upheld the CIT(A)'s decision on the nature of excise duty refunds as capital receipts and the deletion of interest disallowance under Section 14A. The Tribunal dismissed the appeals of the Revenue. en-us Fri, 29 Jun 2018 00:00:00 +0530 Thu, 05 Jul 2018 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362901 The Tribunal allowed the appeals of the assessee, reversing the findings of the AO and CIT(A) on the royalty payment allocation and the exclusion of excise duty refunds from book profits. It upheld the CIT(A)'s decision on the nature of excise duty refunds as capital receipts and the deletion of interest disallowance under Section 14A. The Tribunal dismissed the appeals of the Revenue. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362901