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TMI Blog2018 (8) TMI 1846X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee with regard to the goods which were lying at the port which had not been exported - HELD THAT:- Tribunal title in the goods ready for shipment had not transferred to the foreign buyers. Accordingly, the goods lying at the port ready for shipment was stock in hand that could be valued at cost or market price, at the option and as per regular practice of the assessee. Mere fact that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bject to all just exceptions. Application is disposed of. ITA 69/2018 Heard. Admit. The following substantial question of law is framed:- 1. Whether the order of the Income Tax Appellate Tribunal ( Tribunal for short) affirming the order of the Commissioner of Income Tax (Appeals) deleting the disallowance made by the Assessing Officer under Sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ued at cost or market price, at the option and as per regular practice of the assessee. Mere fact that for sales tax purposes the value of the goods lying at the port was taken at the invoice value would not make any difference. Sales tax computation and declaration would be made in accordance of the provision of the Sales Tax Act. Parties are given liberty to file papers/docum ..... X X X X Extracts X X X X X X X X Extracts X X X X
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