Valuation of stock of spares - The items may be small in nature, ...

Valuation of Inventory: Each Spare Item Must Be Valued Individually, CIT(A) Additions Upheld.

December 6, 2013

Case Laws Income Tax HC

Valuation of stock of spares - The items may be small in nature, may be numerous but each item which is in stores of the assessee is required to be valued - The assessee retains stock of spares for 15 days - additions made by CIT(A) sustained - HC

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Valuation of stock of spares - The items may be small in nature, ...

Valuation of Inventory: Each Spare Item Must Be Valued Individually, CIT(A) Additions Upheld.

December 6, 2013

Case Laws Income Tax HC

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