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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition on account of valuation of closing stock by following ...


Court Confirms Stock Valuation Addition as Assessee Fails to Prove Consistent Use of Weighted Average Method.

November 27, 2015

Case Laws     Income Tax     AT

Addition on account of valuation of closing stock by following FIFO method - assessee had miserably failed to demonstrate that it was following continuously weighted average cost method for the purpose of valuation - additions confirmed - AT

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