Addition on valuation of closing stock - excise duty on closing ...

Court Rules on Stock Valuation: Net Method Excluding Excise Duty Valid Despite Section 145A Misalignment.

May 22, 2019

Case Laws Income Tax AT

Addition on valuation of closing stock - excise duty on closing stock of its finished goods - exclusive VS inclusive method - although the method of valuation of stock followed by the assessee is not in conformity with the prescription u/s 145A, there is no effect on the P & L account of the relevant FY - following the net method of valuation of closing stock, excise duty has rightly been excluded

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Addition on valuation of closing stock - excise duty on closing ...

Court Rules on Stock Valuation: Net Method Excluding Excise Duty Valid Despite Section 145A Misalignment.

May 22, 2019

Case Laws Income Tax AT

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