https://www.taxtmi.com/acts?id=10699 Valuation of purchases, sales and inventory shall follow the assessee's regular method of accounting but must be adjusted to include any tax, duty, cess or fee actually paid or incurred to bring goods to their location and condition as on the valuation date; such payments are included notwithstanding any consequential rights. Interest on compensation is taxable in the year it is received. en-us Tue, 04 Aug 2009 17:31:44 +0530 Sat, 08 Aug 2009 13:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10699 Valuation of purchases, sales and inventory shall follow the assessee's regular method of accounting but must be adjusted to include any tax, duty, cess or fee actually paid or incurred to bring goods to their location and condition as on the valuation date; such payments are included notwithstanding any consequential rights. Interest on compensation is taxable in the year it is received. Act-Rules F. Acts / Amendment Acts Tue, 04 Aug 2009 17:31:44 +0530 https://www.taxtmi.com/acts?id=10699