Section 145A Update: Closing Stock Value Now Includes Excise Duty for Accurate Reporting. Partial Compliance Risks Errors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition made u/s 145A - adjustment of closing stock value with Excise duty amount - Compliance of provisions of sec. 145A in part only, would give misleading result. - AT....