https://www.taxtmi.com/caselaws?id=68400 Revisional interference under section 263 was held unsustainable where the Assessing Officer had accepted a legally permissible inventory valuation method that excluded inward freight, cartage and octroi from raw material cost; the closing stock enhancement was deleted. The Tribunal also held that deferred sales-tax liability under a valid subsisting Rajasthan deferment scheme was not yet due for repayment and therefore did not attract disallowance under section 43B; that enhancement was also deleted. The assessee succeeded on both substantive grounds, while the remaining grounds were dismissed as not pressed. en-us Mon, 06 Jun 2005 00:00:00 +0530 Sat, 03 Sep 2011 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68400 Revisional interference under section 263 was held unsustainable where the Assessing Officer had accepted a legally permissible inventory valuation method that excluded inward freight, cartage and octroi from raw material cost; the closing stock enhancement was deleted. The Tribunal also held that deferred sales-tax liability under a valid subsisting Rajasthan deferment scheme was not yet due for repayment and therefore did not attract disallowance under section 43B; that enhancement was also deleted. The assessee succeeded on both substantive grounds, while the remaining grounds were dismissed as not pressed. Case-Laws Income Tax Mon, 06 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68400