https://www.taxtmi.com/caselaws?id=292258 The Tribunal granted a stay of demand on tax, interest, and recovery of refund to the pharmaceutical products manufacturer assessee. The assessee contended that expired inventory worth &8377; 2,51,00,000 was unfit for consumption, supported by a certificate from the Commissioner of Excise. The Tribunal found a prima facie case in favor of the assessee regarding the write-off of inventory, granting the stay subject to the assessee depositing &8377; 10 lakhs in two installments with the Revenue Authorities. The order was pronounced on 22.08.2014. en-us Fri, 22 Aug 2014 00:00:00 +0530 Tue, 15 Dec 2020 19:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292258 The Tribunal granted a stay of demand on tax, interest, and recovery of refund to the pharmaceutical products manufacturer assessee. The assessee contended that expired inventory worth &8377; 2,51,00,000 was unfit for consumption, supported by a certificate from the Commissioner of Excise. The Tribunal found a prima facie case in favor of the assessee regarding the write-off of inventory, granting the stay subject to the assessee depositing &8377; 10 lakhs in two installments with the Revenue Authorities. The order was pronounced on 22.08.2014. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292258