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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Valuation of Closing Stock - adjustment of excise duty and VAT - ...


Court Rules in Favor of Assessee: Excise Duty and VAT Exclusion in Closing Stock Valuation Deemed Revenue-Neutral.

June 22, 2012

Case Laws     Income Tax     AT

Valuation of Closing Stock - adjustment of excise duty and VAT - addition - assessee contended aforesaid inclusion to be revenue-neutral - Decided in favor of assessee - AT

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