https://www.taxtmi.com/highlights?id=46678 Addition on valuation of closing stock - excise duty on closing stock of its finished goods - exclusive VS inclusive method - although the method of valuation of stock followed by the assessee is not in conformity with the prescription u/s 145A, there is no effect on the P & L account of the relevant FY - following the net method of valuation of closing stock, excise duty has rightly been excluded en-us Wed, 22 May 2019 07:26:24 +0530 Wed, 22 May 2019 07:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46678 Addition on valuation of closing stock - excise duty on closing stock of its finished goods - exclusive VS inclusive method - although the method of valuation of stock followed by the assessee is not in conformity with the prescription u/s 145A, there is no effect on the P & L account of the relevant FY - following the net method of valuation of closing stock, excise duty has rightly been excluded Highlights Income Tax Wed, 22 May 2019 07:26:24 +0530 https://www.taxtmi.com/highlights?id=46678