https://www.taxtmi.com/caselaws?id=252731 The High Court upheld the Tribunal's decision in a case involving block assessment under Section 158BC of the Income Tax Act. The Tribunal ruled in favor of the assessee regarding the valuation of stock, emphasizing the importance of consistency in stock valuation methods. The addition of the account of unexplained cash balance was also deemed justified by the Tribunal, with the High Court dismissing the appeal, stating that no substantial question of law arose in this regard. en-us Tue, 21 Jan 2014 00:00:00 +0530 Mon, 03 Nov 2014 06:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252731 The High Court upheld the Tribunal's decision in a case involving block assessment under Section 158BC of the Income Tax Act. The Tribunal ruled in favor of the assessee regarding the valuation of stock, emphasizing the importance of consistency in stock valuation methods. The addition of the account of unexplained cash balance was also deemed justified by the Tribunal, with the High Court dismissing the appeal, stating that no substantial question of law arose in this regard. Case-Laws Income Tax Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252731