https://www.taxtmi.com/caselaws?id=218883 The tribunal allowed the appeal filed by the assessee, holding that the valuation method adopted was consistent, accepted, and in accordance with the law. The reassessment proceedings based on audit objections were not separately adjudicated as the assessee succeeded on the merits. The additions on account of under-valuation of closing stock of rough diamonds and cut and polished diamonds were deleted. en-us Fri, 13 Jan 2012 00:00:00 +0530 Wed, 28 Nov 2012 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218883 The tribunal allowed the appeal filed by the assessee, holding that the valuation method adopted was consistent, accepted, and in accordance with the law. The reassessment proceedings based on audit objections were not separately adjudicated as the assessee succeeded on the merits. The additions on account of under-valuation of closing stock of rough diamonds and cut and polished diamonds were deleted. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218883