P&H HIGH COURT IN CIT vs M/S AGGARWAL STEEL ROLLING MILLS -SECTION 41(1) EXCISE REFUND
“Therefore, in view of the aforesaid judgment, which covers the issue in the present case, it is held that the refund of excise duty received during the relevant assessment year, would be taxable in that year and mere show cause notice to dispute such refund cannot be interpreted to mean that income is not taxable during the said year. The assessee shall be entitled to claim expenditure of such excise duty, if it is found payable in pursuance of the show cause notices during the assessment year in which such liability is discharged.â€
find the enclosed file for judgement.......... #pdf
362 times
90 KB
Rating:
2
2Comments
Trending Downloads
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Popular Files
- FAQs on Bill-to/Ship-to Transactions, Export Scenarios and API Impact
- Lead Bank Scheme
- Revised Kisan Credit Card (KCC) Scheme
- FAQs on Voluntary Closure of e-Way Bill: Business Scenarios, API Impact and Portal Behaviour
- Guidance Notes for CA Final Nov 2026 Exams
- FORM No. 3 For Closure of SCSS Account
- FORM No. 4 For Extension of SCSS Account
- FORM No. 2 For Premature Closure of SCSS Account
- Guidance Notes for CA Intermediate Sept 2026 Exams
CAclubindia
