2007 (8) TMI 779

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..... case, the Tribunal was correct in law in holding that the Excise Duty on unsold items is to be excluded while determining the value of the closing stock as adopted by the assessee. 2. Whether on the facts and in the circumstances of the case, the Tribunal was correct in holding that the expenditure on account of repairs, taxes which are specifically allowable under section 30 to 36 are not cove .....

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