Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Excise Duty Refund Under Industrial Promotion Scheme: ITAT Declares It Capital Receipt, Not Taxable
Excise, VAT & Custom
The ITAT has declared that excise duty refunds under an industrial promotion scheme are capital receipts and not taxable. This ruling clarifies the tax treatment of such refunds. It provides clarity on the distinction between capital and revenue receipts. This decision supports industries by ensuring that such refunds are not subjected to taxation. It aims to promote industrial growth.
