https://www.taxtmi.com/caselaws?id=338023 The court ruled in favor of the assessee in an appeal under Section 260A of the Income Tax Act, 1961 for the assessment year 2001-2002. The court decided in favor of the assessee on various issues, including the addition of excessive royalty under Section 40A (2) (b) and the treatment of disallowance under the same section. Additionally, the court upheld the inclusion of excise duty in closing stocks of finished goods and the cost of raw material for finished goods, ultimately dismissing the appeal with no costs awarded. en-us Tue, 17 Jan 2017 00:00:00 +0530 Mon, 23 Jan 2017 08:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338023 The court ruled in favor of the assessee in an appeal under Section 260A of the Income Tax Act, 1961 for the assessment year 2001-2002. The court decided in favor of the assessee on various issues, including the addition of excessive royalty under Section 40A (2) (b) and the treatment of disallowance under the same section. Additionally, the court upheld the inclusion of excise duty in closing stocks of finished goods and the cost of raw material for finished goods, ultimately dismissing the appeal with no costs awarded. Case-Laws Income Tax Tue, 17 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338023