https://www.taxtmi.com/caselaws?id=233338 The Tribunal allowed the appeal, overturning the addition made by the Assessing Officer and the decision of the CIT (A). The Tribunal found the change in the method of valuation of closing stock adopted by the appellant to be bona fide and consistent with AS-II, justifying the appellant's position based on legal precedents and compliance with Accounting Standards under the Companies Act. en-us Fri, 12 Apr 2013 00:00:00 +0530 Sat, 27 Apr 2013 12:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233338 The Tribunal allowed the appeal, overturning the addition made by the Assessing Officer and the decision of the CIT (A). The Tribunal found the change in the method of valuation of closing stock adopted by the appellant to be bona fide and consistent with AS-II, justifying the appellant's position based on legal precedents and compliance with Accounting Standards under the Companies Act. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233338