https://www.taxtmi.com/caselaws?id=44723 The article discusses two tax-credit issues under the Income-tax Act: first, whether the special duty of excise under Section 80 of the Finance Act, 1965 was a separate levy or a surcharge on excise duty; and second, whether "duty of excise payable" for Sections 280ZD and 280ZE means duty actually paid or duty leviable under the Excise Act. It notes that the first issue was covered by binding precedent treating the levy as already determined against the taxpayer, and that the second was resolved by applying the principle that an exemption notification has statutory force, so no distinction remained between duty leviable and duty payable for the tax credit scheme. en-us Thu, 19 Sep 1996 00:00:00 +0530 Sat, 03 Jul 2010 13:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44723 The article discusses two tax-credit issues under the Income-tax Act: first, whether the special duty of excise under Section 80 of the Finance Act, 1965 was a separate levy or a surcharge on excise duty; and second, whether "duty of excise payable" for Sections 280ZD and 280ZE means duty actually paid or duty leviable under the Excise Act. It notes that the first issue was covered by binding precedent treating the levy as already determined against the taxpayer, and that the second was resolved by applying the principle that an exemption notification has statutory force, so no distinction remained between duty leviable and duty payable for the tax credit scheme. Case-Laws Central Excise Thu, 19 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44723