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Inclusion of ‘closing amount of Modvat’ in closing stock without modifying figures of purchases, sales & opening stock not justified
Case Law Details
- Case Name
- R.R. Kabel Ltd. Vs Additional Commissioner of Income-tax, 7(2), Mumbai (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘D’
R.R. Kabel Ltd.
versus
Additional Commissioner of Income-tax, 7(2), Mumbai
IT APPEAL NOS. 1292 & 2106 (MUM.) OF 2011
[ASSESSMENT YEAR 2007-08]
MAY 2, 2012
ORDER
Dinesh Kumar Agarwal, Judicial Member
These cross appeals by assessee and Revenue are directed against the order dated 30.12.2010 passed by the ld. CIT(A) for the Assessment Year 2007-08. Both these appeals are disposed of by this common order for the sake of convenience.
2. Briefly stated facts of the case are that the assessee company is engaged in the business of manufacturing and sale of...
