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Income Tax - Highlights / Catch Notes

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Allowability of excise duty refund u/s 80IB - There is an ...

Income Tax

May 23, 2016

Allowability of excise duty refund u/s 80IB - There is an inextricable link between the manufacturing activity, the payment of central excise duty and its refund - Deduction allowed - AT

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  8. Fabrication (Manufacturing) at site - fabrication of trusses, columns, purlins and roofing sections - no excise duty is leviable - no excise duty is leviable - HC

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  10. Refund claim - Unjust enrichment - price inclusive of duty of excise - maintaining uniformity of price - duty paid under protest - refund allowed - HC

 

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