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of <h1>Gujarat HC admits case, issues notice on law question re: excluding excise duty from closing stock valuation.</h1> <h3>INCOME TAX OFFICER - WARD-1 BHARUCH Versus GUJARAT BOROSIL LTD</h3> INCOME TAX OFFICER - WARD-1 BHARUCH Versus GUJARAT BOROSIL LTD - TMI The Gujarat High Court admitted the case and issued notice on the substantial question of law regarding the exclusion of excise duty when valuing closing stock at the end of accounting. The matter was posted along with Tax Appeal No.41/2008.
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