Central Excise Duty paid in Cash Eligible for Deduction

M/s. Alladi Drilling Equipments Private Limited Vs. DCIT (ITAT Hyderabad)

In all the impugned years, AO made the addition of Rs. 10,00,000/- based on the show cause notice that assessee has paid an amount of Rs. 10 Lakhs by way of cash. As seen from the show cause notice, Central Excise Authorities have quantified the tax payable in para 40.1 & 40.2 and in para 40.3, they have given credit for Rs. 10 Lakhs paid vide TR-6 Challan dt. 23-09-2011 towards Central Excise Duty. It was the submission before the L

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