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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Capital Receipt vs Revenue Receipt - Excise Duty refund is to be ...


Excise duty refund classified as capital receipt for assessee, exempt from taxation under current rules.

November 27, 2012

Case Laws     Income Tax     AT

Capital Receipt vs Revenue Receipt - Excise Duty refund is to be treated as ‘capital receipt’ in the hands of the assessee and not liable to be taxed - AT

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