Allowability of Excise Duty Paid – A Summary of Two Decisions

Excise duty had always been a significant cost for manufacturing organisations during the pre-GST period and deduction for the same while computing the total taxable income, as per Section 43B of the Income-tax Act, 1961 (Act) had always been a vexed issue.Excise duty had always been a significant cost for manufacturing organisations during the pre-GST period and deduction for the same while computing the total taxable income, as per Section 43B of the Income-tax Act, 1961 (Act) had always been a vexed issue.taxmann.com Latest ArticlesRead More

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