Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition on valuation of closing stock - excise duty on closing stock of its finished goods - exclusive VS inclusive method - although the method of valuation of stock followed by the assessee is not in conformity with the prescription u/s 145A, there is no effect on the P & L account of the relevant FY - following the net method of valuation of closing stock, excise duty has rightly been excluded
Addition on valuation of closing stock - excise duty on closing stock of its finished goods - exclusive VS inclusive method - although the method of valuation of stock followed by the assessee is not in conformity with the prescription u/s 145A, there is no effect on the P & L account of the relevant FY - following the net method of valuation of closing stock, excise duty has rightly been excluded
Note: It is a system-generated summary and is for quick reference only.
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