Excise duty refund claim - capital gain or busniss income - ...
June 15, 2018
Case Laws Income Tax AT
Excise duty refund claim - capital gain or busniss income - Where there is a refund of excise duty it would go to reduce the project cost/capital work in progress since it is relatable only to the capital assets - duty drawback reduce the project cost and therefore cannot be treated as business income
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