High Court Rules MODVAT Credit Should Not Be Deducted from Stock Value for Tax, Clarifying Section 43B and 145A. https://www.taxtmi.com/highlights?id=19969 Allowability of excise duty u/s 43B r.w. section 145A - valuation of closing stock - MODVAT credit cannot be reduced from the value of opening or closing stock - HC en-us Mon, 08 Sep 2014 12:51:51 +0530 Mon, 08 Sep 2014 12:51:51 +0530 TaxTMI RSS Generator High Court Rules MODVAT Credit Should Not Be Deducted from Stock Value for Tax, Clarifying Section 43B and 145A. https://www.taxtmi.com/highlights?id=19969 Allowability of excise duty u/s 43B r.w. section 145A - valuation of closing stock - MODVAT credit cannot be reduced from the value of opening or closing stock - HC Highlights Income Tax Mon, 08 Sep 2014 12:51:51 +0530 https://www.taxtmi.com/highlights?id=19969