2009 (4) TMI 182 - HC - Income Tax

Whether, Tribunal was justified in confirming the order of the Commissioner of Income-tax (Appeals) whereby he directed the Assessing Officer to make adjustment of unutilized Modvat credit to the opening stock – Held that in view of concession given by the departmental representative for directing the AO to take the closing stock of the previous year as opening stock of the next year, no question of law arise – revenue’s appeal dismissed