Valuation of the closing stock - valuation method of "At cost" ...

Closing Stock Valuation Shifted to "Cost or Market Value, Whichever is Less" for Prudence.

October 17, 2018

Case Laws Income Tax AT

Valuation of the closing stock - valuation method of "At cost" which is changed to "At cost or market value whichever is less‟ is more prudent - Change in the method of valuation of stock allowed.

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Valuation of the closing stock - valuation method of "At cost" ...

Closing Stock Valuation Shifted to "Cost or Market Value, Whichever is Less" for Prudence.

October 17, 2018

Case Laws Income Tax AT

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