2021 (7) TMI 1453

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..... tal income - substantial question of law or fact? - HELD THAT:- An identical question was framed for consideration of this Court [ 2019 (6) TMI 1723 - CALCUTTA HIGH COURT] rejected the appeal at the admission stage opining that the question referred to above is not a substantial question of law. Further in ITC LIMITED [ 2019 (11) TMI 1825 - CALCUTTA HIGH COURT] the identical question of law was fr .....

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..... Assessee has claimed double deduction of excise duty on closing stock amounting to Rs. 270,06,83,951, once in profit and loss account and further deduction in computation of total income for the Assessment Year 2005-2006 which is not as per Accounting Standard-2 and its guidance note. However, the Assessee is not justified in claiming double deduction of excise duty on closing stock, once in prof .....

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