https://www.taxtmi.com/caselaws?id=185506 The Tribunal upheld the CIT(A)'s decision, recognizing the change in the method of valuing closing stock as bona fide and in accordance with accepted accounting standards. The appeal was dismissed, affirming the permissibility of the new valuation method and its consistency with the principles laid out by ICAI. en-us Fri, 05 Dec 1997 00:00:00 +0530 Tue, 16 Aug 2016 18:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185506 The Tribunal upheld the CIT(A)'s decision, recognizing the change in the method of valuing closing stock as bona fide and in accordance with accepted accounting standards. The appeal was dismissed, affirming the permissibility of the new valuation method and its consistency with the principles laid out by ICAI. Case-Laws Income Tax Fri, 05 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185506