Held that, when the unutilized MODVAT credit has been added to the closing stock by invoking the provision of S. 145A it has to be made to the closing stock as well as purchases and sales (AY. 2009-10)
Kellogg India (P) Ltd. v. DCIT (2019) 182 DTR 280 / 201 TTJ 393 (Mum.)(Trib.)
S. 145 : Method of accounting-Adjustment on account of MODVAT credit has to be made in respect of closing stock, opening stock, purchases and sales.