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2011 (12) TMI 779 - AT - Income TaxExtract: .......n, we hold that the receipt in question is capital receipt not chargeable to tax. In view of the above the question of allowing deduction under section 80 IB of the Act on the Excise Duty refund does not arise for consideration. 8. In the result, the appeal of the assessee is allowed. Order pronounced in the open court on the 23rd day of Dec. 2011.
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