https://www.taxtmi.com/caselaws?id=393076 The tribunal held that the excise duty refund and interest subsidy were capital receipts, not taxable under normal provisions, and should not be included in book profits under section 115JB of the Income Tax Act, 1961. The tribunal reversed the Principal Commissioner of Income Tax's orders, restoring the Assessing Officer's original assessments for the relevant years. en-us Fri, 28 Feb 2020 00:00:00 +0530 Thu, 05 Mar 2020 13:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393076 The tribunal held that the excise duty refund and interest subsidy were capital receipts, not taxable under normal provisions, and should not be included in book profits under section 115JB of the Income Tax Act, 1961. The tribunal reversed the Principal Commissioner of Income Tax's orders, restoring the Assessing Officer's original assessments for the relevant years. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393076