Excise duty element cannot be added to value of unsold sugar lying in stock on last day of accounting year under section 145A

CIT v Loknete Balasaheb Desai S.S.K. Ltd.

High Court of Bombay

ITA No. 4297 of 2009

Decided on: 22 June 2011

Judgment

J.P. Devadhar, J

1. Heard. Admit on the following question of law:-

“Whether on the facts and

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