Rejection of books of accounts for non maintenance of stock register or incorrect valuation method or non compliance with accounting…
Value of goods lying at port but not exported can be at cost or market price at the option and…
No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method when there is…
Rejected goods cannot be considered for valuation of closing stock. Therefore there was concealment of income or furnishing of inaccurate…
Rejection of books of account for non inclusion of freight and cartage in the value of the closing stock had…
CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction u/s 263 ABCAUS Case…
Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was…
Change in closing stock to include VAT-Excise us 145A required corresponding adjustments for opening stock, Payment of Excise and VAT…