Valuation of Closing stock - method of weighted average rate ...

Taxpayer's Stock Valuation Method Rejected Arbitrarily by Assessing Officer Without Justification.

July 5, 2012

Case Laws Income Tax AT

Valuation of Closing stock - method of weighted average rate adopted by assessee - A.O. without giving any observation /calculation has finalized the valuation on an add-hoc basis. Said approach of assessment of the A.O cannot be approved. - AT

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Valuation of Closing stock - method of weighted average rate ...

Taxpayer's Stock Valuation Method Rejected Arbitrarily by Assessing Officer Without Justification.

July 5, 2012

Case Laws Income Tax AT

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