{"id":251277,"date":"2011-04-26T00:00:00","date_gmt":"2011-04-25T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/jt-vs-unknown-on-26-april-2011"},"modified":"2017-08-13T01:33:48","modified_gmt":"2017-08-12T20:03:48","slug":"jt-vs-unknown-on-26-april-2011","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/jt-vs-unknown-on-26-april-2011","title":{"rendered":"Jt vs Unknown on 26 April, 2011"},"content":{"rendered":"<div class=\"docsource_main\">Gujarat High Court<\/div>\n<div class=\"doc_title\">Jt vs Unknown on 26 April, 2011<\/div>\n<div class=\"doc_author\">Author: Akil Kureshi,&amp;Nbsp;Ms Gokani,&amp;Nbsp;<\/div>\n<pre id=\"pre_1\">   Gujarat High Court Case Information System \n\n  \n  \n    \n\n \n \n    \t      \n         \n\t    \n\t\t   Print\n\t\t\t\t          \n\n  \n\n\n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t\n\n\n \n\n\n\t \n\nTAXAP\/2333\/2009\t 2\/ 2\tORDER \n \n \n\n\t\n\n \n\nIN\nTHE HIGH COURT OF GUJARAT AT AHMEDABAD\n \n\n \n\n\n \n\nTAX\nAPPEAL No. 2333 of 2009\n \n\n \n\n\n \n\n=========================================================\n\n \n\nJT\nCIT (ASST) SPECIAL RANGE-1 BARODA THROUGH - Appellant(s)\n \n\nVersus\n \n\nNEW\nINDIA INDUSTRIES LTD - Opponent(s)\n \n\n=========================================================\n \nAppearance\n: \nMR\nKM PARIKH for\nAppellant(s) : 1, \nNone for Opponent(s) :\n1, \n=========================================================\n\n\n \n\t  \n\t \n\t  \n\t\t \n\t\t\t \n\nCORAM\n\t\t\t: \n\t\t\t\n\t\t\n\t\t \n\t\t\t \n\nHONOURABLE\n\t\t\tMR.JUSTICE AKIL KURESHI\n\t\t\n\t\n\t \n\t\t \n\t\t \n\t\t\t \n\nand\n\t\t\n\t\n\t \n\t\t \n\t\t \n\t\t\t \n\nHONOURABLE\n\t\t\tMS JUSTICE SONIA GOKANI\n\t\t\n\t\n\n \n\n \n \n\n\n \n\nDate\n: 26\/04\/2011 \n\n \n\nORAL\nORDER<\/pre>\n<p id=\"p_1\">(Per<br \/>\n: HONOURABLE MR.JUSTICE AKIL KURESHI)<\/p>\n<p>\tRevenue<br \/>\nis in appeal against the judgment of the Tribunal dated 29.9.2008<br \/>\nraising following question for our consideration :\n<\/p>\n<p id=\"p_1\">&#8220;Whether<br \/>\non the facts and in the circumstances of the case, the Tribunal was<br \/>\nright in law to exclude the excise duty as well as custom duty at the<br \/>\ntime of valuing closing stock at the end of accounting period?&#8221;\n<\/p>\n<p id=\"p_2\">\tCounsel<br \/>\nfor the revenue fairly pointed out that identical  issues have been<br \/>\nconsidered by this Court in the case of Assistant Commissioner of<br \/>\nIncome Tax v. Narmada Chematur Petrochemicals Ltd. (2010)<br \/>\n327 ITR 369 (Guj.) and the Revenue&#8217;s appeal has been dismissed.  He<br \/>\nalso agreed that the assessment  in question<br \/>\npertains to the year 1997-98, that is, prior to the amendment in<br \/>\n<a href=\"\/doc\/789969\/\" id=\"a_1\">section 145A<\/a>   of the Income Tax Act.\n<\/p>\n<p id=\"p_3\">\tIn<br \/>\nview of the above situation, without recording elaborate reasons, the<br \/>\npresent Tax appeal is dismissed.\n<\/p>\n<p id=\"p_4\">\t\t\t\t\t\t(Akil<br \/>\nKureshi, J.)   <\/p>\n<p>\t\t\t\t\t\t(Ms.Sonia<br \/>\nGokani, J.)<\/p>\n<p>(vjn)<\/p>\n<p>\t\t   \u00a0\u00a0\u00a0<\/p>\n<p>\t\t   Top<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gujarat High Court Jt vs Unknown on 26 April, 2011 Author: Akil Kureshi,&amp;Nbsp;Ms Gokani,&amp;Nbsp; Gujarat High Court Case Information System Print TAXAP\/2333\/2009 2\/ 2 ORDER IN THE HIGH COURT OF GUJARAT AT AHMEDABAD TAX APPEAL No. 2333 of 2009 ========================================================= JT CIT (ASST) SPECIAL RANGE-1 BARODA THROUGH &#8211; Appellant(s) Versus NEW INDIA INDUSTRIES LTD &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,8],"tags":[],"class_list":["post-251277","post","type-post","status-publish","format-standard","hentry","category-gujarat-high-court","category-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jt vs Unknown on 26 April, 2011 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/jt-vs-unknown-on-26-april-2011\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jt vs Unknown on 26 April, 2011 - Free Judgements of Supreme Court &amp; 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