Valuation of stock - inclusion of duty of excise in the value - ...

Court Rules Excise Duty on Liquor Applies Only Upon Removal, Not Manufacture, Affecting Tax Liability Valuation.

August 21, 2020

Case Laws Income Tax HC

Valuation of stock - inclusion of duty of excise in the value - Accrual of liability - whether liability to pay excise duty is incurred immediately on manufacture of liquor or it arises only when the same is sought to be removed from the premises of the manufacturer, either for the purposes of sale or otherwise? - Held No - HC

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Valuation of stock - inclusion of duty of excise in the value - ...

Court Rules Excise Duty on Liquor Applies Only Upon Removal, Not Manufacture, Affecting Tax Liability Valuation.

August 21, 2020

Case Laws Income Tax HC

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