Court Rules CA Guidance Non-Mandatory; Assessee's Stock Valuation Stands, No CENVAT Credit Additions Required.

Court Rules CA Guidance Non-Mandatory; Assessee's Stock Valuation Stands, No CENVAT Credit Additions Required. https://www.taxtmi.com/highlights?id=26184 Valuation of closing stock - notwithstanding the fact that the opinion of the Chartered Accountants of India was expressed in the 'guidance note", which had not attend a mandatory status, would not be a ground to discard the books of accounts of the Assessee or the method of accounting followed - No addition on account of unutilized CENVAT Credit was called for - AT en-us Tue, 01 Dec 2015 11:11:36 +0530 Tue, 01 Dec 2015 11:11:36 +0530 TaxTMI RSS Generator Court Rules CA Guidance Non-Mandatory; Assessee's Stock Valuation Stands, No CENVAT Credit Additions Required. https://www.taxtmi.com/highlights?id=26184 Valuation of closing stock - notwithstanding the fact that the opinion of the Chartered Accountants of India was expressed in the 'guidance note", which had not attend a mandatory status, would not be a ground to discard the books of accounts of the Assessee or the method of accounting followed - No addition on account of unutilized CENVAT Credit was called for - AT Highlights Income Tax Tue, 01 Dec 2015 11:11:36 +0530 https://www.taxtmi.com/highlights?id=26184