https://www.taxtmi.com/caselaws?id=248657 The appeal by the Revenue against the deletion of an addition made by the AO on account of excise duty/modvat credit was allowed for statistical purposes. The Tribunal emphasized the necessity of adjustments under section 145A for excise duty in exclusive method accounting and remanded the issue to the AO for verification. The decision stressed the importance of ensuring adjustments were revenue neutral before making additions to the total income of the assessee. en-us Thu, 22 May 2014 00:00:00 +0530 Thu, 19 Jun 2014 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248657 The appeal by the Revenue against the deletion of an addition made by the AO on account of excise duty/modvat credit was allowed for statistical purposes. The Tribunal emphasized the necessity of adjustments under section 145A for excise duty in exclusive method accounting and remanded the issue to the AO for verification. The decision stressed the importance of ensuring adjustments were revenue neutral before making additions to the total income of the assessee. Case-Laws Income Tax Thu, 22 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248657