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
Relief to Jindal Saw: ITAT Rules Excise Duty Demand not Chargeable to Tax being Capital Receipt in Nature
Corporate Law & GovernanceExcise, VAT & CustomIncome Tax
In a relief to Jindal Saw, the ITAT ruled that an excise duty demand is not chargeable to tax as it constitutes a capital receipt. The ruling brings clarity to how excise duties, when treated as capital receipts, are to be handled in tax assessments. This is a significant judgment for businesses facing similar tax treatments on capital receipts.
