https://www.taxtmi.com/caselaws?id=372731 The Appellate Tribunal quashed the revision proceedings initiated by the Ld. CIT under section 263 of the Income Tax Act, finding no error in the Ld. AO's assessment order regarding the provision for excise duty on closing stock of finished goods. The Tribunal held that the assessee was entitled to the deduction under section 43B of the Act and that the Ld. AO had conducted sufficient inquiries during the assessment process. As a result, the appeal of the assessee was allowed, and the order was pronounced on 20.11.2018. en-us Tue, 20 Nov 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372731 The Appellate Tribunal quashed the revision proceedings initiated by the Ld. CIT under section 263 of the Income Tax Act, finding no error in the Ld. AO's assessment order regarding the provision for excise duty on closing stock of finished goods. The Tribunal held that the assessee was entitled to the deduction under section 43B of the Act and that the Ld. AO had conducted sufficient inquiries during the assessment process. As a result, the appeal of the assessee was allowed, and the order was pronounced on 20.11.2018. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372731