https://www.taxtmi.com/caselaws?id=305887 The Tribunal allowed the appeal, holding that the central excise refund is a capital receipt not liable to be taxed, following the decision of the High Court that the refund serves public interest by accelerating industrial development and creating new assets. Consequently, the deduction under section 80IB was not considered. en-us Fri, 23 Dec 2011 00:00:00 +0530 Wed, 28 Dec 2022 18:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305887 The Tribunal allowed the appeal, holding that the central excise refund is a capital receipt not liable to be taxed, following the decision of the High Court that the refund serves public interest by accelerating industrial development and creating new assets. Consequently, the deduction under section 80IB was not considered. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305887