Unutilized CENVAT Credit to be Included in Closing Stock Value: ITAT Mumbai

Gold Plus Toughened Glass Ltd. Vs DCIT (ITAT Mumbai)

Gold Plus Toughened Glass Ltd. contested an appeal before the Income Tax Appellate Tribunal (ITAT) Mumbai against the decision of the Commissioner of Income-tax (Appeals)-16, Mumbai. The dispute revolves around the inclusion of unutilized CENVAT credit in the closing stock value, as per Section 145 of the Income Tax Act, 1961.

The appellant, Gold Plus Toughened Glass Ltd., challenged the addition of ₹5,60,668/- made by the Assessing Officer under Section 145A of t

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