https://www.taxtmi.com/highlights?id=15123 Valuation of stock - Stock damaged due to Earthquake - Factory was closed for few years - There was no reason given by the AO as to why the income out of sale of goods was treated as income from other sources as the profit was generated out of sale of stock which was accumulated stock of the assessee out of business activity - AT en-us Wed, 16 Oct 2013 11:01:55 +0530 Wed, 16 Oct 2013 11:01:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=15123 Valuation of stock - Stock damaged due to Earthquake - Factory was closed for few years - There was no reason given by the AO as to why the income out of sale of goods was treated as income from other sources as the profit was generated out of sale of stock which was accumulated stock of the assessee out of business activity - AT Highlights Income Tax Wed, 16 Oct 2013 11:01:55 +0530 https://www.taxtmi.com/highlights?id=15123