deleting the addition of Rs. 14,51,98,277/- u/s. 145A, on
account of cenvat credit to the closing stock"
4. The Appellant ... that there cannot be a situation where the adjustments prescribed under
section 145A will result in to increased in profit and therefore, no adjustments
deleting the addition of Rs. 14,51,98,277/- u/s. 145A, on
account of cenvat credit to the closing stock"
4. The Appellant ... that there cannot be a situation where the adjustments prescribed under
section 145A will result in to increased in profit and therefore, no adjustments
erred in confirming the disallowance relating to adjustment under
Section 145A of the Act.
2.1 Briefly stated, the facts of the case are that ... valuation of
stock, purchases and sales as per the provisions of section 145A .
However, the AO was not convinced with the above explanation
Assessing Officer to make addition on account of the provisions
of Section 145A of the Act.
4) The learned Commissioner of Income Tax(Appeals) erred ... directing
the Assessing officer to invoke the provisions of Section 145A of the
Act without making any adjustment to the opening stock of the
Appellant
Bharat Bijlee Limited, Mumbai vs Assessee on 25 July, 2008
IN THE INCOME TAX APPELLATE
Gujarat State Fertilizers & Chemicals Ltd.
applicability of provisions of sec. 145A of the Act, inserted by the Finance ... pointed out that the ld. CIT(A), ignoring the
provisions of sec. 145A of the Act, relied upon a decision
decided the issue against the assessee on
the ground that section 145A was not in existence when decision for
excluding excise duty and sales ... rendered. After insertion of
section 145A the position has changed and, therefore, excise duty and
sales-tax has to be included for the purpose
year and therefore, does not form part of the computation
u/s 145A for the previous year relevant to this assessment year ... submitted during the course of assessment
proceedings that the provisions of sec. 145A are fully complied
with and so far as the impact of excise
ambit of the
expression "interest" as contemplated in section 145A of Income Tax Officer was, the
I.T. Act . The first respondent therefore ... 2025
Babubhai P. Sakariya and others
envisaged under section 145A of theI.T. Act and would be deemed to be the
income of the year
received on account of carriage of passengers,
etc.
15. Section 145A of the Act takes into consideration "valuation of
sale of purchase of goods ... absence of any
specific enabling provisions under Section 44B or Section 145A
of the Act or any other provisions of the Act. For instance,
Section
