Sec. 43B of the Income-tax Act, 1961 – Business disallowance – Revenue filed appeals against the orders of ITAT on two substantial. questions of law that Whether the Tribunal was justified in law in holding that the excise duty is not leviable as the goods are not transferred and as such the same cannot be added in closing stock contrary to provisions of section 145A of the Act, and; in deleting the additions made by the AO by way of disallowing Privilege Fee paid by the assessee to Excise Commissioner, Government of Rajasthan despite the fact that it was application of income ? High Court vide impugned order answered both the questions against the revenue and in the favour of the assessee. Revenue filed SLPs against the order of High Court but same came to be dismissed as withdrawn – CIT Vs. RAJASTHAN STATE GANGANAGAR SUGAR MILLS LTD. [2020] 269 TAXMAN 563 (SC)