https://www.taxtmi.com/caselaws?id=336029 The court allowed the appeal, holding that the provision for central excise duty made by the assessee was justified under the mercantile system of accounting and should be allowed as a deduction. The court set aside the previous disallowances and ruled in favor of the assessee, with each party bearing its own costs. en-us Thu, 24 Nov 2016 00:00:00 +0530 Wed, 14 Dec 2016 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336029 The court allowed the appeal, holding that the provision for central excise duty made by the assessee was justified under the mercantile system of accounting and should be allowed as a deduction. The court set aside the previous disallowances and ruled in favor of the assessee, with each party bearing its own costs. Case-Laws Income Tax Thu, 24 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336029