https://www.taxtmi.com/caselaws?id=175608 The Tribunal reversed the CIT(A)'s order, allowing the assessee's appeal regarding the addition of closing Work in Progress (WIP) and emphasizing the principle of consistency in the method of accounting. The appeal was partly allowed, with the Tribunal holding that the Assessing Officer and CIT(A) were not justified in adopting a different methodology without providing a deduction for opening stock. en-us Thu, 27 Dec 2012 00:00:00 +0530 Sat, 28 Nov 2015 13:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175608 The Tribunal reversed the CIT(A)'s order, allowing the assessee's appeal regarding the addition of closing Work in Progress (WIP) and emphasizing the principle of consistency in the method of accounting. The appeal was partly allowed, with the Tribunal holding that the Assessing Officer and CIT(A) were not justified in adopting a different methodology without providing a deduction for opening stock. Case-Laws Income Tax Thu, 27 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175608