https://www.taxtmi.com/caselaws?id=240303 The Tribunal allowed the appeal, directing deletion of the disallowance of excess provision of Rs. 70,99,758. The Tribunal noted the consistency in accounting treatment of excise duty provision, stating it was correctly made as it related to outstanding liabilities and followed a consistent accounting system. The re-opening of assessment under section 147 was not addressed as the disallowance was deleted. en-us Fri, 22 Nov 2013 00:00:00 +0530 Sat, 30 Nov 2013 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240303 The Tribunal allowed the appeal, directing deletion of the disallowance of excess provision of Rs. 70,99,758. The Tribunal noted the consistency in accounting treatment of excise duty provision, stating it was correctly made as it related to outstanding liabilities and followed a consistent accounting system. The re-opening of assessment under section 147 was not addressed as the disallowance was deleted. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240303