Commissioner of Income Tax-II vs. Hycons Infrastructure (India) Ltd.

The appeals are dismissed

bogus production was resorting to fict itious purchase of inputs on the strength of invoices which are not duty paid in voices would be getting excise duty refund equivalent only to the duty paid on a ctual value addition made by such manufacturers who have industries in these spe cified areas. (iii) The excise duty exemption

Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY