Court Rules in Favor of Assessee: Excise Duty and VAT Exclusion in Closing Stock Valuation Deemed Revenue-Neutral.

Court Rules in Favor of Assessee: Excise Duty and VAT Exclusion in Closing Stock Valuation Deemed Revenue-Neutral. https://www.taxtmi.com/highlights?id=4109 Valuation of Closing Stock - adjustment of excise duty and VAT - addition - assessee contended aforesaid inclusion to be revenue-neutral - Decided in favor of assessee - AT en-us Fri, 22 Jun 2012 10:47:10 +0530 Fri, 22 Jun 2012 10:47:10 +0530 TaxTMI RSS Generator Court Rules in Favor of Assessee: Excise Duty and VAT Exclusion in Closing Stock Valuation Deemed Revenue-Neutral. https://www.taxtmi.com/highlights?id=4109 Valuation of Closing Stock - adjustment of excise duty and VAT - addition - assessee contended aforesaid inclusion to be revenue-neutral - Decided in favor of assessee - AT Highlights Income Tax Fri, 22 Jun 2012 10:47:10 +0530 https://www.taxtmi.com/highlights?id=4109