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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Addition u/s 145A - valuation of closing stock - Since CENVAT is ...


Valuation of Closing Stock u/s 145A: No Enhancement Needed for Semi-Finished Goods if CENVAT Credit Unavailable.

February 17, 2017

Case Laws     Income Tax     AT

Addition u/s 145A - valuation of closing stock - Since CENVAT is not available to the assessee then the enhancing the value of semi finished and finished goods in the closing are not warranted. - AT

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