https://www.taxtmi.com/caselaws?id=265671 The High Court upheld the ITAT's decision in favor of the Assessee, ruling against the Revenue's appeal. The Court found the Assessee's method of separately valuing 'levy' and 'free sale' sugar to be justified, citing consistency in accounting practices and past acceptance by the Department. Consequently, the addition made by the AO towards the valuation of closing stock was deleted. en-us Tue, 22 Sep 2015 00:00:00 +0530 Wed, 14 Oct 2015 07:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265671 The High Court upheld the ITAT's decision in favor of the Assessee, ruling against the Revenue's appeal. The Court found the Assessee's method of separately valuing 'levy' and 'free sale' sugar to be justified, citing consistency in accounting practices and past acceptance by the Department. Consequently, the addition made by the AO towards the valuation of closing stock was deleted. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265671