https://www.taxtmi.com/caselaws?id=275034 The Tribunal upheld the CIT(A)'s decision to allow the excise duty write-off as a revenue expenditure, dismissing the Revenue's appeal. The write-off was deemed wholly and exclusively for business purposes, satisfying Section 37 of the IT Act. Precedents from other ITAT benches supported the claim, emphasizing the unadjustable nature of the duty paid. The assessee's claim for the excise duty write-off was upheld based on consistent decisions in similar cases, affirming the correctness of the CIT(A)'s ruling and following provisions of the IT Act. en-us Fri, 11 Jan 2013 00:00:00 +0530 Fri, 10 Mar 2023 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275034 The Tribunal upheld the CIT(A)'s decision to allow the excise duty write-off as a revenue expenditure, dismissing the Revenue's appeal. The write-off was deemed wholly and exclusively for business purposes, satisfying Section 37 of the IT Act. Precedents from other ITAT benches supported the claim, emphasizing the unadjustable nature of the duty paid. The assessee's claim for the excise duty write-off was upheld based on consistent decisions in similar cases, affirming the correctness of the CIT(A)'s ruling and following provisions of the IT Act. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275034