2009 (12) TMI 28

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..... bunal has accepted the method of accounting as employed by the assessee as correct. We have been informed that the earlier order of the Tribunal was also subject matter of appeal before this Court but the said appeal has been dismissed. - that it is the choice of the assessee to adopt a particular recognised mode of accounting – revenue appeal dismissed - 160 of 2006 - - - Dated:- 1-12-2009 - P .....

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..... ITAT, Allahabad Bench in the case of Jewellers Co. Vs. ITO 30 ITJ 54 and the decision of the Hon'ble Supreme Court in the cases of CIT Vs. A. Krishna Swami Mudaliar Others (53 ITR 122) (SC) and S.N. Nama Sivayam Chettiar Vs. CIT (1960) 38 ITR 579? 2. Whether on the facts and in the circumstances of the case, the Tribunal is correct in law in holding that the LIFO method of valuation of closi .....

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