https://www.taxtmi.com/caselaws?id=204014 Disallowance under rule 6D was computed with reference to each employee or director's journey, and that issue was decided for the Department. Excise and customs duties were excluded from closing stock valuation where the governing principle treated such duties as not forming part of stock value, and that issue was decided for the assessee. Excise duty paid in advance qualified for deduction under section 43B because the amount was actually deposited with the treasury under the prescribed excise procedure before removal of goods, satisfying the actual-payment requirement; this issue was also decided for the assessee. The note records a mixed result and restates the principle that advance statutory duty payment is allowable when made in the manner required by law. en-us Tue, 25 Jan 2011 00:00:00 +0530 Thu, 20 Dec 2012 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204014 Disallowance under rule 6D was computed with reference to each employee or director's journey, and that issue was decided for the Department. Excise and customs duties were excluded from closing stock valuation where the governing principle treated such duties as not forming part of stock value, and that issue was decided for the assessee. Excise duty paid in advance qualified for deduction under section 43B because the amount was actually deposited with the treasury under the prescribed excise procedure before removal of goods, satisfying the actual-payment requirement; this issue was also decided for the assessee. The note records a mixed result and restates the principle that advance statutory duty payment is allowable when made in the manner required by law. Case-Laws Income Tax Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204014