Additions on account of suppression of closing stock - defects ...

Court Rules Against Adjusting Income Based on LIFO Method Defects; Alteration of Consistent Accounting Method Unsound.

March 19, 2018

Case Laws Income Tax AT

Additions on account of suppression of closing stock - defects in the LIFO method adopted - AO, is wrong in disturbing the method of accounting regularly employed by the assessee for valuation of closing stock. Hence the addition is bad in law - AT

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Additions on account of suppression of closing stock - defects ...

Court Rules Against Adjusting Income Based on LIFO Method Defects; Alteration of Consistent Accounting Method Unsound.

March 19, 2018

Case Laws Income Tax AT

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