https://www.taxtmi.com/caselaws?id=60357 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the issues of premium deduction, treatment of the refund of Excise Duty, and credit for tax deducted at source. The Tribunal held that the premium on redemption of debentures should be allowed as a revenue reduction over the debentures' period, considered the loss from the trade mark and goodwill agreement as a capital loss, deemed the refund of Excise Duty not taxable income, and allowed credit for tax deducted at source not credited to the Central Government. en-us Mon, 20 Jul 1987 00:00:00 +0530 Mon, 13 Jun 2016 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60357 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the issues of premium deduction, treatment of the refund of Excise Duty, and credit for tax deducted at source. The Tribunal held that the premium on redemption of debentures should be allowed as a revenue reduction over the debentures' period, considered the loss from the trade mark and goodwill agreement as a capital loss, deemed the refund of Excise Duty not taxable income, and allowed credit for tax deducted at source not credited to the Central Government. Case-Laws Income Tax Mon, 20 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60357