Section 145A Amendment: Exclusion of Excise Duty from Closing Stock Leaves Net Tax Unchanged per ICAI Guidance.

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....Addition made u/s 145A of the Income Tax Act – Excise duty excluded in the closing stock – After necessary adjustments made by the assessee, in pursuance of the guidance note issued by the ICAI, there is no difference in the net result from taxation point of view - AT....