29 September 2017
Assessee is Dairy Business, manufacturing ice cream attracting excise duty, but dealers are refusing to pay excise duty, as competitors are small dairy farm and don't come under excise duty, Assessee is paying Excise duty from own Resources and debiting to Profit & loss account, I.T.O is objecting and not allowing this as deductible expenditure as they have not collected from customers & paying as statutory in dues.
29 September 2017
Assessee is paying Excise duty from own resources and debiting to Profit & loss account, I.T.O is not justified in objecting and not allowing this as deductible expenditure as they have not collected from customers & paying as statutory in dues. Raise your objection stating the reason given above. If he passes the order against you go for appeal you will win the case.
29 September 2017
My Dear CA SEETHARAMAN Sir.,
Also the AO is disallowed the CE Duty. Then How ll we fight, Claim and Win this case...?
How to we satisfy the AO...?
Please give me any point of view....
Thank You...
CAclubindia
