https://www.taxtmi.com/caselaws?id=399905 The ITAT upheld the CIT(A)'s decision to delete the addition for unutilized CENVAT credit in the closing stock, ruling in favor of the assessee. The ITAT found that the exclusive method of inventory valuation used by the appellant was consistent and valid, resulting in no significant profit differences. Therefore, the Revenue's appeal was dismissed, affirming the decision in favor of the assessee. en-us Tue, 20 Oct 2020 00:00:00 +0530 Thu, 22 Oct 2020 10:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399905 The ITAT upheld the CIT(A)'s decision to delete the addition for unutilized CENVAT credit in the closing stock, ruling in favor of the assessee. The ITAT found that the exclusive method of inventory valuation used by the appellant was consistent and valid, resulting in no significant profit differences. Therefore, the Revenue's appeal was dismissed, affirming the decision in favor of the assessee. Case-Laws Income Tax Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399905