Tribunal Must Align Opening Stock Valuation with Closing Stock Adjustment for Consistency u/s 254.

Rectification of mistake u/s 254 - when the Revenue or the Tribunal was modifying or substituting the method of valuation of closing stock of the assessee in a particular year as a necessary corollary, the same methodology would have to be applied for the purpose of computation of the opening stock for that year also. - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X