https://www.taxtmi.com/caselaws?id=280325 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s orders regarding the assessment of total income for AY 2008-09. The Tribunal confirmed the inclusion of excise duties in the closing stock valuation as per section 43B, allowing deduction only upon actual payment. Additionally, the Tribunal ruled that tax deduction at source was not applicable on commissions paid to non-resident agents, in line with precedent decisions. en-us Mon, 30 Jul 2012 00:00:00 +0530 Wed, 01 May 2019 10:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280325 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s orders regarding the assessment of total income for AY 2008-09. The Tribunal confirmed the inclusion of excise duties in the closing stock valuation as per section 43B, allowing deduction only upon actual payment. Additionally, the Tribunal ruled that tax deduction at source was not applicable on commissions paid to non-resident agents, in line with precedent decisions. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280325