Valuation of stock
Last updated: 07 July 2008
Court :
Brief :
Case Fact: Whether A.O. was justified in invoking section 145 to value closing stock at cost or market price which ever is lower where assessee had adopted the policy of valuing its closing stock at market price only
Citation :
Sanjeev Woollen Mills Vs. CIT
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CA. A. Kumar
Published in Income Tax
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