https://www.taxtmi.com/caselaws?id=119540 The Tribunal allowed the appeal of the assessee regarding the change in the method of valuation of closing stock. It held that the change was made to comply with statutory requirements and was not mala fide. The Tribunal clarified that the valuation of opening stock does not necessarily have to match the closing stock valuation when there is a bona fide change in the method of valuation of closing stock. en-us Fri, 16 Mar 2007 00:00:00 +0530 Wed, 11 Jul 2012 16:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119540 The Tribunal allowed the appeal of the assessee regarding the change in the method of valuation of closing stock. It held that the change was made to comply with statutory requirements and was not mala fide. The Tribunal clarified that the valuation of opening stock does not necessarily have to match the closing stock valuation when there is a bona fide change in the method of valuation of closing stock. Case-Laws Income Tax Fri, 16 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119540