https://www.taxtmi.com/caselaws?id=235227 The case involved an appeal by the revenue against the ITAT order disallowing the appeal for the assessment year 2005-06. The main issue was the deletion of Excise Duty by the ITAT, amounting to Rs. 69,91,983/-. The Revenue argued that the ITAT failed to consider the Assessee's suppression of amounts and the provisions of Sections 43B and 145A. The judgment favored the Revenue, emphasizing the importance of actual payment of excise duty for valuation purposes. The appeal was allowed in favor of the Revenue, highlighting the significance of Section 145A in valuing goods for tax purposes. en-us Mon, 03 Dec 2012 00:00:00 +0530 Thu, 07 May 2026 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235227 The case involved an appeal by the revenue against the ITAT order disallowing the appeal for the assessment year 2005-06. The main issue was the deletion of Excise Duty by the ITAT, amounting to Rs. 69,91,983/-. The Revenue argued that the ITAT failed to consider the Assessee's suppression of amounts and the provisions of Sections 43B and 145A. The judgment favored the Revenue, emphasizing the importance of actual payment of excise duty for valuation purposes. The appeal was allowed in favor of the Revenue, highlighting the significance of Section 145A in valuing goods for tax purposes. Case-Laws Income Tax Mon, 03 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235227