Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 188 - HC - Income TaxAddition of excise duty - valuation of closing stock made u/s 145A - special audit scope - Held that:- Order of Tribunal, deleting the addition of excise duty is concerned, the same appears to be on the basis of report of the Comptroller & Auditor General of India. The special audit was done under Section 142(2A) of the Act. The special auditor in his report also stated that the tax impact is nil. The Tribunal has considered the tax report. The tax audit report of the statutory auditor and the audit report of the Comptroller & Auditor General of India shows that the impact of inclusion of excise duty in the value of closing stock stands nil. - No additions - Decided against the revenue.
|