https://www.taxtmi.com/forum/issue?id=105908 The company must apportion the cost between the floor sold and the portion retained for closing stock calculation; in both construction-from-land and purchase-of-finished-building scenarios this apportionment should be made by an approved valuation engineer and used to determine inventory valuation and closing stock. en-us Sat, 20 Jul 2013 22:48:34 +0530 Thu, 23 Jan 2025 15:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105908 The company must apportion the cost between the floor sold and the portion retained for closing stock calculation; in both construction-from-land and purchase-of-finished-building scenarios this apportionment should be made by an approved valuation engineer and used to determine inventory valuation and closing stock. Discussion-Forum Income Tax Sat, 20 Jul 2013 22:48:34 +0530 https://www.taxtmi.com/forum/issue?id=105908