https://www.taxtmi.com/caselaws?id=429006 The Tribunal allowed the Assessee's appeal, directing the AO to re-compute the income without including the capital receipts of excise refund and interest subsidy for the purpose of Section 115JB of the Income Tax Act, 1961. The decision emphasized that capital receipts like excise refund and interest subsidy, being of a capital nature, should be excluded from book profits as they do not constitute taxable income. en-us Thu, 13 Oct 2022 00:00:00 +0530 Sat, 15 Oct 2022 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429006 The Tribunal allowed the Assessee's appeal, directing the AO to re-compute the income without including the capital receipts of excise refund and interest subsidy for the purpose of Section 115JB of the Income Tax Act, 1961. The decision emphasized that capital receipts like excise refund and interest subsidy, being of a capital nature, should be excluded from book profits as they do not constitute taxable income. Case-Laws Income Tax Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429006