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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Addition made on account of excise duty not included in the ...

Case Laws     Income Tax

October 9, 2015

Addition made on account of excise duty not included in the closing stock of the finished goods - Though there might be levy under section 3 of the Excise Act, yet neither the rate nor the value would be determinable till the point of time of removal of the excisable goods from the factory premises - No addition - AT

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