https://www.taxtmi.com/highlights?id=7013 Valuation of closing stock - inclusion of excise duty element - AO adopted the gross method at the time of purchase, and the net method of valuation at the time of valuation of the stock on hand which is an erroneous approach - HC en-us Mon, 04 Mar 2013 12:13:05 +0530 Mon, 04 Mar 2013 12:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=7013 Valuation of closing stock - inclusion of excise duty element - AO adopted the gross method at the time of purchase, and the net method of valuation at the time of valuation of the stock on hand which is an erroneous approach - HC Highlights Income Tax Mon, 04 Mar 2013 12:13:05 +0530 https://www.taxtmi.com/highlights?id=7013