Excise duty on finished goods to be included in closing stock valuation

HIGH COURT OF ALLAHABAD Krishi Discs (P.) Ltd. versus Commissioner of Income-tax, Bareilly IT APPEAL No. 214 of 2005 MARCH  11, 2013 JUDGMENT Ram Surat Ram (Maurya), J. Heard Sri Suyash Agrawal, learned counsel for the appellant and Sri Dhananjay Awasthi, learned Senior Standing Counsel for the Revenue. 2. The assessee has filed the aforementioned appeal from the order of Income Tax Appellate Tribunal, Lucknow Bench, Lucknow (Tribunal) dated 19.11.2004 passed in ITA No. 591/LUC/2004. The appellant has proposed the following substantial question of law in the memo of appeal. ...