https://www.taxtmi.com/caselaws?id=456102 The Tribunal upheld the order of the Ld. CIT(A), dismissing the Revenue's appeal concerning the deletion of an addition of Rs. 4,12,17,481/- for the Assessment Year 2014-15. The Tribunal relied on precedents from previous assessment years where the ITAT, Delhi consistently ruled in favor of the Assessee on similar issues, particularly regarding the treatment of excise refund as a revenue receipt. Despite the Revenue's contention of pending appeals before the Delhi HC, the Tribunal emphasized the consistency of prior ITAT decisions, affirming the Assessee's position. en-us Fri, 10 Sep 2021 00:00:00 +0530 Fri, 28 Jun 2024 19:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456102 The Tribunal upheld the order of the Ld. CIT(A), dismissing the Revenue's appeal concerning the deletion of an addition of Rs. 4,12,17,481/- for the Assessment Year 2014-15. The Tribunal relied on precedents from previous assessment years where the ITAT, Delhi consistently ruled in favor of the Assessee on similar issues, particularly regarding the treatment of excise refund as a revenue receipt. Despite the Revenue's contention of pending appeals before the Delhi HC, the Tribunal emphasized the consistency of prior ITAT decisions, affirming the Assessee's position. Case-Laws Income Tax Fri, 10 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456102