Valuation of stock – change of method of accounting - By ...
Legal Implications of Changing Stock Valuation Method During ERP Transition: Cost Calculation Allowed, Stock Value Reduction Prohibited.
June 21, 2012
Case Laws Income Tax AT
Valuation of stock – change of method of accounting - By shifting to a new ERP package, for example, SAP 2 worked out the value of the stock at cost, any reduction in the valuation of the stock is not permitted in law. - AT
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