Non-inclusion of demurrage charges – Valuation of closing stock ...

Accurate Profit Needs Correct Inventory Valuation: Exclude Demurrage Charges in Closing Stock for True Tax Assessment.

March 11, 2014

Case Laws Income Tax AT

Non-inclusion of demurrage charges – Valuation of closing stock – determination of correct profit would require proper valuation of inventories, both as at the beginning as well as the end of the relevant accounting period - AT

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Non-inclusion of demurrage charges – Valuation of closing stock ...

Accurate Profit Needs Correct Inventory Valuation: Exclude Demurrage Charges in Closing Stock for True Tax Assessment.

March 11, 2014

Case Laws Income Tax AT

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