https://www.taxtmi.com/caselaws?id=86498 In valuing captively consumed goods, the rule required addition of notional profit to determine assessable value. The lower appellate authority accepted the profit reflected in the balance sheet and profit and loss account, and found no cogent basis for the higher margin adopted by the assessing authority. That approach was upheld on the facts, and the Revenue's challenge to the valuation was rejected. en-us Wed, 26 Jun 1996 00:00:00 +0530 Thu, 25 Aug 2011 12:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86498 In valuing captively consumed goods, the rule required addition of notional profit to determine assessable value. The lower appellate authority accepted the profit reflected in the balance sheet and profit and loss account, and found no cogent basis for the higher margin adopted by the assessing authority. That approach was upheld on the facts, and the Revenue's challenge to the valuation was rejected. Case-Laws Central Excise Wed, 26 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86498