Valuation of closing stock - inclusion of excise duty element - ...

Excise Duty Miscalculation: AO's Error in Stock Valuation Using Gross Purchase Method and Net Closing Stock Method.

March 4, 2013

Case Laws Income Tax HC

Valuation of closing stock - inclusion of excise duty element - AO adopted the gross method at the time of purchase, and the net method of valuation at the time of valuation of the stock on hand which is an erroneous approach - HC

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Valuation of closing stock - inclusion of excise duty element - ...

Excise Duty Miscalculation: AO's Error in Stock Valuation Using Gross Purchase Method and Net Closing Stock Method.

March 4, 2013

Case Laws Income Tax HC

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