Akums Drugs and Pharmaceuticals Ltd wins order under section 250 of Income Tax Act, 1961.
Company receives refund of INR 2,94,98,386 following the order.
Dispute arose due to restriction of deduction under section 80IC by Ld. DCIT, CPC.
CIT(A) decides the case in favor of the company.
No significant financial implications for the company due to the order.