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2013 (7) TMI 763 - HC - Income TaxExcise Duty Refund - Revenue receipt or capital receipt - liable to tax under the Income Tax Act – Held that:- Relying on the judgement of Hon’ble High Court of Jammu & Kashmir in the case of Shree Balaji Alloys [2011 (1) TMI 394 - Jammu and Kashmir High Court], the excise duty refund received is in the nature of capital receipt and is not exigible to the tax – Decided against the Revenue.
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