https://www.taxtmi.com/caselaws?id=153692 The High Court upheld the Tribunal's decision on the valuation of closing stock for the assessment year 2003-04. The Revenue's appeal, challenging the addition in closing stock valuation, was dismissed. The Tribunal's reasoning, based on the assessee's consistent method of valuation and in line with the Supreme Court judgment in Sanjeev Woolen Mills Vs. CIT, was deemed appropriate. The Court found no substantial question of law in the Tribunal's factual findings, leading to the dismissal of the appeal. en-us Wed, 16 Jul 2008 00:00:00 +0530 Sat, 27 Jul 2013 11:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153692 The High Court upheld the Tribunal's decision on the valuation of closing stock for the assessment year 2003-04. The Revenue's appeal, challenging the addition in closing stock valuation, was dismissed. The Tribunal's reasoning, based on the assessee's consistent method of valuation and in line with the Supreme Court judgment in Sanjeev Woolen Mills Vs. CIT, was deemed appropriate. The Court found no substantial question of law in the Tribunal's factual findings, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153692