https://www.taxtmi.com/caselaws?id=13703 The court affirmed the inclusion of an excise duty refund in profits for deduction under sections 80HH and 80-I of the Income-tax Act, 1961. The appellant's challenge against the Income-tax Appellate Tribunal's decision was dismissed. The court emphasized the direct impact of the refund on the industrial undertaking's profits, distinguishing it from other cases. It concluded that the excise duty refund had inflated profits, justifying its inclusion for deduction purposes. This judgment highlights the significance of certain components like excise duty in determining the eligibility for deductions under the Income-tax Act. en-us Tue, 04 Apr 2006 00:00:00 +0530 Wed, 01 Jul 2009 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13703 The court affirmed the inclusion of an excise duty refund in profits for deduction under sections 80HH and 80-I of the Income-tax Act, 1961. The appellant's challenge against the Income-tax Appellate Tribunal's decision was dismissed. The court emphasized the direct impact of the refund on the industrial undertaking's profits, distinguishing it from other cases. It concluded that the excise duty refund had inflated profits, justifying its inclusion for deduction purposes. This judgment highlights the significance of certain components like excise duty in determining the eligibility for deductions under the Income-tax Act. Case-Laws Income Tax Tue, 04 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13703