https://www.taxtmi.com/caselaws?id=73547 For excise limitation purposes, shortage in annual stock taking became legally relevant only when the assessee's stock-taking report was presented to and accepted by the proper officer, not when the physical count was merely completed. On the stated facts, the report was completed on 31-8-1982, received by the Superintendent on 1-9-1982, and the notice issued on 22-2-1983 was therefore within time. The limitation objection did not disclose a referable question of law, because the operative date was the final ascertainment and acceptance of the shortage, rather than the earlier physical stock-taking date. en-us Tue, 29 Dec 1987 00:00:00 +0530 Wed, 01 Jun 2011 17:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73547 For excise limitation purposes, shortage in annual stock taking became legally relevant only when the assessee's stock-taking report was presented to and accepted by the proper officer, not when the physical count was merely completed. On the stated facts, the report was completed on 31-8-1982, received by the Superintendent on 1-9-1982, and the notice issued on 22-2-1983 was therefore within time. The limitation objection did not disclose a referable question of law, because the operative date was the final ascertainment and acceptance of the shortage, rather than the earlier physical stock-taking date. Case-Laws Central Excise Tue, 29 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73547