Saturday, November 7, 2020

Excise duty couldn't be included while valuing closing stock of goods manufactured and lying in stock

INCOME TAX : In respect of excisable goods manufactured and lying in stock, excise duty element is not to be included in valuation of closing stock

from www.taxmann.com Latest Case Laws https://ift.tt/36cm9mL

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...