Excise Duty Refund is Capital Receipt, Excludable while Computing Book Profit: ITAT [Read Order]

The Income Tax Appellate Tribunal, Delhi bench has ruled that the receipt of refund of Excise duty by the assessee is capital receipt and the same can be excluded while determining book profit under section 115JB of the Income Tax Act, 1961. In the instant case, the assessee, Montage Enterprises Pvt. Ltd approached the Tribunal […]

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