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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Addition made u/s 145A of the Income Tax Act – Excise duty ...


Section 145A Amendment: Exclusion of Excise Duty from Closing Stock Leaves Net Tax Unchanged per ICAI Guidance.

November 1, 2013

Case Laws     Income Tax     AT

Addition made u/s 145A of the Income Tax Act – Excise duty excluded in the closing stock – After necessary adjustments made by the assessee, in pursuance of the guidance note issued by the ICAI, there is no difference in the net result from taxation point of view - AT

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