ITAT Delhi Rules Excise Duty Refund as Capital Receipt: Relief Granted to Jindal Saw Ltd.
Delhi, January 24, 2025:The Income Tax Appellate Tribunal (ITAT), Delhi Bench, delivered a significant ruling in favor of Jindal Saw Ltd. (formerly Saw Pipes Ltd.) regarding the taxability of excise duty refund. The tribunal held that the excise duty refund received by the assessee is in the nature of a capital receipt and, therefore, not […]
ITAT Delhi Dismisses Revenue Appeal Due to Tax Effect Below Rs. 60 Lakh Threshold
Date of Pronouncement: 02.01.2024Bench: Income Tax Appellate Tribunal (ITAT), Delhi The Income Tax Appellate Tribunal (ITAT) Delhi Bench dismissed the appeal filed by the Revenue against the order dated 22.11.2022, passed by the Commissioner of Income Tax (Appeals)-30, New Delhi. The appeal arose from the Assessment Order dated 06.04.2021 for the Assessment Year (A.Y.) 2019-20 […]
