https://www.taxtmi.com/caselaws?id=35005 A Delhi HC commentary notes that an addition for alleged off-book silver sales was deleted because the point had already been decided in the assessee's favour and no reason existed to interfere. It also explains that excise duty refund linked to a statutory exemption-and-refund mechanism was treated as part of the industrial undertaking's profits for deduction purposes, because the duty had to be paid first and later refunded, creating only a nil net accounting effect. The refund was found to be inseparably connected with the manufacturing activity, and the factual finding on that linkage was not shown to be perverse. en-us Thu, 27 Nov 2008 00:00:00 +0530 Fri, 05 Sep 2025 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35005 A Delhi HC commentary notes that an addition for alleged off-book silver sales was deleted because the point had already been decided in the assessee's favour and no reason existed to interfere. It also explains that excise duty refund linked to a statutory exemption-and-refund mechanism was treated as part of the industrial undertaking's profits for deduction purposes, because the duty had to be paid first and later refunded, creating only a nil net accounting effect. The refund was found to be inseparably connected with the manufacturing activity, and the factual finding on that linkage was not shown to be perverse. Case-Laws Income Tax Thu, 27 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35005