https://www.taxtmi.com/caselaws?id=199371 The tribunal directed a re-examination of the valuation of closing stock in relation to unutilized Modvat credit and upheld the allowance of deductions for late payments of employees' contribution to PF made within the grace period. The decisions were based on the provisions of the Income-tax Act and relevant case law interpretations. The appeal of the revenue was partly allowed for statistical purposes. en-us Thu, 31 Dec 2009 00:00:00 +0530 Tue, 27 Feb 2018 12:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199371 The tribunal directed a re-examination of the valuation of closing stock in relation to unutilized Modvat credit and upheld the allowance of deductions for late payments of employees' contribution to PF made within the grace period. The decisions were based on the provisions of the Income-tax Act and relevant case law interpretations. The appeal of the revenue was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199371