https://www.taxtmi.com/caselaws?id=187431 The Tribunal partly allowed the appeals by upholding the addition of excise duty to the closing stock but corrected the amount. It permitted netting off of interest income for the Section 80HHC deduction and provided guidance on excise duty treatment under Section 43B. Other grounds, including reopening of assessment proceedings under Section 147 and penalty proceedings under Section 271(1)(c), were either dismissed or deemed premature. en-us Fri, 11 Sep 2009 00:00:00 +0530 Tue, 29 Aug 2023 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187431 The Tribunal partly allowed the appeals by upholding the addition of excise duty to the closing stock but corrected the amount. It permitted netting off of interest income for the Section 80HHC deduction and provided guidance on excise duty treatment under Section 43B. Other grounds, including reopening of assessment proceedings under Section 147 and penalty proceedings under Section 271(1)(c), were either dismissed or deemed premature. Case-Laws Income Tax Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187431