https://www.taxtmi.com/caselaws?id=61229 Excise duty refund amounts are not taxable under section 41(1) unless the remission or cessation of liability has become final and complete in the relevant year. Where refund orders are challenged and show-cause notices for withdrawal are pending, the assessee has no unconditional right to retain the sums as finally remitted amounts, so the additions cannot stand. Consequential interest under section 215 also does not survive once the underlying additions are deleted, because the levy depends on the assessed income and loses its foundation when the assessment basis is removed. en-us Tue, 07 Sep 1982 00:00:00 +0530 Tue, 11 Jan 2011 13:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61229 Excise duty refund amounts are not taxable under section 41(1) unless the remission or cessation of liability has become final and complete in the relevant year. Where refund orders are challenged and show-cause notices for withdrawal are pending, the assessee has no unconditional right to retain the sums as finally remitted amounts, so the additions cannot stand. Consequential interest under section 215 also does not survive once the underlying additions are deleted, because the levy depends on the assessed income and loses its foundation when the assessment basis is removed. Case-Laws Income Tax Tue, 07 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61229