2011 (5) TMI 556

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....by the Income Tax Appellate Tribunal, (hereinafter referred to as 'the Tribunal') Bangalore Bench 'A', in I.T.A. No.2572/Bang/2004 dated 29-03-2007 reversing the order of the Appellate Commissioner confirming the order passed by the Joint Commissioner of Income-tax (Asst.), Special Range-II, Bangalore. 2. The substantial question of law that arises for determination as per the appellants is as to....

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....991] 188 ITR 44/54 ITR 499. The Appellate Commissioner by order dated 07-07-2004, upheld the finding of the Assessing Officer. Being aggrieved by the same, appeal was filed by the assessee before the Tribunal and the Tribunal held that the excise duty actually paid by the assessee need not be added in the valuation of the closing stock as per section 145A of the Act when the item of stock continue....