Disallowance on account of valuation of stock u/s 145A - ...

Taxpayer's Stock Valuation Method u/s 145A Challenged; Case Remanded for Fresh Evaluation.

June 1, 2019

Case Laws Income Tax AT

Disallowance on account of valuation of stock u/s 145A - assessee is following exclusive method of accounting for valuing closing stock wherein unutilised MODVAT/Cenvat Credit is not added to the value of closing stock - it is mandatory for taxpayers to follow inclusive method of accounting as per Section 145A - remanded for denovo determination

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Disallowance on account of valuation of stock u/s 145A - ...

Taxpayer's Stock Valuation Method u/s 145A Challenged; Case Remanded for Fresh Evaluation.

June 1, 2019

Case Laws Income Tax AT

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