https://www.taxtmi.com/caselaws?id=218175 The Supreme Court dismissed the Department's appeal regarding the valuation of closing stock for Assessment Year 1995-1996, which included excise duty at the time of goods removal. The Court referred to precedent and upheld the assessee Company's use of the net method for valuation. Another judgment highlighted the settled issue of excluding excise duty when valuing closing stock, leading to the dismissal of the appeal based on prior decisions. en-us Tue, 25 Sep 2012 00:00:00 +0530 Thu, 06 Sep 2018 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218175 The Supreme Court dismissed the Department's appeal regarding the valuation of closing stock for Assessment Year 1995-1996, which included excise duty at the time of goods removal. The Court referred to precedent and upheld the assessee Company's use of the net method for valuation. Another judgment highlighted the settled issue of excluding excise duty when valuing closing stock, leading to the dismissal of the appeal based on prior decisions. Case-Laws Income Tax Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218175