[aaykarbhavan] No addition due to non-inclusion of excise duty in closing stock as duty was payable on removal of goods

 

No addition due to non-inclusion of excise duty in closing stock as duty was payable on removal of goods

November 18, 2014[2014] 50 taxmann.com 229 (Delhi)

IT : Excise duty being payable at time of removal of goods and not at time of manufacture, an addition to income of assessee-company on account of non-inclusion of excise duty in closing stock of finished products was not justified

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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