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2013 (2) TMI 210 - HC - Income TaxDisallowance u/s 40 (ia) - excise duty refund - Held that:- As decided in M/s Shree Balaji Alloys v. CIT [2011 (1) TMI 394 - JAMMU AND KASHMIR HIGH COURT] the refund of excise duty by the assessee has to be treated as Capital Receipt in view of Section 80IB then there is no escape from the conclusion that such income would not be subjected to any tax - against revenue.
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