https://www.taxtmi.com/caselaws?id=66105 The Tribunal upheld the Commissioner (Appeals)'s decision that the closing stock should be valued at market value upon the firm's dissolution, in line with the Supreme Court's ruling in A.L.A. Firm. The assessee's appeal was dismissed, and the Tribunal endorsed using market value for determining profits, resulting in a specific sum addition to the assessment. en-us Tue, 23 Jul 1996 00:00:00 +0530 Mon, 21 Feb 2011 15:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66105 The Tribunal upheld the Commissioner (Appeals)'s decision that the closing stock should be valued at market value upon the firm's dissolution, in line with the Supreme Court's ruling in A.L.A. Firm. The assessee's appeal was dismissed, and the Tribunal endorsed using market value for determining profits, resulting in a specific sum addition to the assessment. Case-Laws Income Tax Tue, 23 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66105