Bombay High Court allows income tax deduction for excise duty claims

Johnson and Johnson Ltd. Vs DCIT (Bombay High Court) In a landmark decision, the Bombay High Court has clarified a significant point regarding the income tax deduction available on excise duty claims. The court’s judgment in the cases of Johnson and Johnson Ltd. Vs Deputy Commissioner of Income Tax (DCIT) sheds light on whether claiming an excise duty deduction amounts to a double deduction under the Income Tax Act, 1961. This article delves into the details of the court’s ruling, its implications, and the principles underlying the decision. The Bombay High Court’s decision e...