GREENLAM INDUSTRIES LIMITED,TINSUKIA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-TINSUKIA, TINSUKIA
In the result, appeal filed by the assessee is allowed as per the terms indicated above
ITA 402/GTY/2019[2015-16]Status: DisposedITAT Guwahati19 Dec 2022AY 2015-16
Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad
Section 115JSection 143(2)Section 143(3)Section 244ASection 25Section 250Section 251(1)(a)Section 31(3)(a)
68-107 of Additional Paper Book). Relevant para of the Ld. CIT(A) order is reproduced below:
“10.3.1 The point to be decided boils down to whether assessee's receipt on account of Central Excise Duty Refund is capital receipt or not. From the notes to audited accounts, it is seen that the assessee was enjoying Central Excise duty exemption
