Peekey Steel Castings Private Ltd. Versus The Assistant Commissioner of Income-tax - Income Tax - ITAT COCHIN - Tri - Reassessment - Duplicate claim of same payment - valuation of stock - Held that - The excise duty amount debited in the profit and loss account is included in the value of closing stock - The assessee has disclosed this fact in the significant accounting policies - The assessee has made provision for excise duty under the head outstanding liabilities - The assessee is of the view................................... Income Tax - Case Laws
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