Provision for impairment of stocks - method of valuation of ...

Court Upholds Assessee's Valuation Method for Defective, Repairable, and Demo Stock at Net Realizable Value.

October 6, 2018

Case Laws Income Tax AT

Provision for impairment of stocks - method of valuation of stock - inventory consisted of old/used stock which was categorized as defective, but, repairable stock and demo stock. These stocks were valued at their net realizable value - claim of assessee allowed.

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Provision for impairment of stocks - method of valuation of ...

Court Upholds Assessee's Valuation Method for Defective, Repairable, and Demo Stock at Net Realizable Value.

October 6, 2018

Case Laws Income Tax AT

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