https://www.taxtmi.com/caselaws?id=239762 The Tribunal allowed the assessee's appeals for statistical purposes, directing the A.O. to re-examine the valuation of closing stock, considering the principles of Section 145A and the applicability of Section 43B. The Tribunal emphasized the need for consistency in the valuation method and the importance of substantiating claims with proper evidence. The decision in the case of Amforge Industries Ltd. was deemed not relevant to the present case. en-us Fri, 15 Mar 2013 00:00:00 +0530 Mon, 18 Nov 2013 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239762 The Tribunal allowed the assessee's appeals for statistical purposes, directing the A.O. to re-examine the valuation of closing stock, considering the principles of Section 145A and the applicability of Section 43B. The Tribunal emphasized the need for consistency in the valuation method and the importance of substantiating claims with proper evidence. The decision in the case of Amforge Industries Ltd. was deemed not relevant to the present case. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239762