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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Undervaluation of closing stock - CENVAT benefit was not ...


Court Rules CENVAT Benefit Unavailable, No Need to Enhance Closing Stock Value Due to Undervaluation Issue.

May 10, 2017

Case Laws     Income Tax     AT

Undervaluation of closing stock - CENVAT benefit was not available to the assessee therefore enhancement in the value of closing stock on account of CENVAT was not warranted - AT

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