Excise duty refund eligible for deduction u/s 80-IB

M/s J.K. Aluminum Co Vs. ITO (ITAT Delhi)

Fats of the Case:- The assessee is a firm engaged in the business of manufacture of aluminum wire rods at IGP, SIDCO, Phase-II Samba, Jammu & Kashmir. During the assessment proceedings, the assessee had filed computation of taxable income wherein deduction u/s 80IB amounting to Rs 5,85,84,089/- was claimed. The A.O went through the details and found that the assessee had received excise duty refund of Rs 5,68,41,800/- during the financial year. Th

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