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REOPENING- Unutilised modvat credit- value of closing stock

Started by rajul5234, April 23, 2013, 09:18:47 AM

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rajul5234

Guj. H. C. Order dt. 9/4/13. SCA 2214/ 2013.Himson engineering. Held, Reopening of 143(3) assessment order beyond 4 years period for the reason of inclusion of unutilised modvat credit in valuation of closing stock due to insertion of s.145A is not permissible.

R. K. Patel