https://www.taxtmi.com/caselaws?id=117832 The court dismissed the appeal, emphasizing that the choice of valuation method lies with the assessee as long as it is bona fide and consistently followed in the future. The court referenced previous decisions to support this conclusion, stating that the revenue cannot question the method unless it is found to be not bona fide or restricted to a particular year. The Tribunal upheld the order of the CIT(A), determining that no substantial question of law arose for consideration due to the consistent application of the valuation method by the assessee. en-us Thu, 29 Jan 2009 00:00:00 +0530 Tue, 26 Jun 2012 17:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117832 The court dismissed the appeal, emphasizing that the choice of valuation method lies with the assessee as long as it is bona fide and consistently followed in the future. The court referenced previous decisions to support this conclusion, stating that the revenue cannot question the method unless it is found to be not bona fide or restricted to a particular year. The Tribunal upheld the order of the CIT(A), determining that no substantial question of law arose for consideration due to the consistent application of the valuation method by the assessee. Case-Laws Income Tax Thu, 29 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117832