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2012 (10) TMI 1184 - HC - Income TaxExcise duty paid need not be included in the valuation of the closing stock and non-inclusion would be a revenue neutral and would have no impact upon the tax payable - Held that:- In case of an assessee, where common order is passed in respect of more than one assessment year, which involves common issues even if in one of the assessment years the tax effect is more than ₹ 10 lakhs, irrespective of the fact that in respect of other assessment years which is part of the common order, the tax effect is less than ₹ 10 lakhs, the revenue is entitled to file appeal even in respect such assessment years where the tax effect is less than ₹ 10 lakhs. However, in case where there is no common order and an order is passed only in respect of an assessment, year and the tax effect therein is less than ₹ 10 lakhs, the revenue cannot file the appeal.
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