https://www.taxtmi.com/caselaws?id=189163 A retrospectively substituted special privilege fee under the wholesale liquor supply scheme was held recognisable at the revised rate because the liability had crystallized before finalisation of accounts, and the assessee's consistent accounting treatment supported that approach; the corresponding addition was rejected. For closing stock of empty bottles, the assessee's contention that no valuation was warranted was accepted in principle, but the absence of proper factual verification and clear findings on the valuation method led to remand for limited examination by the Assessing Officer. en-us Tue, 18 Sep 2012 00:00:00 +0530 Fri, 16 Feb 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189163 A retrospectively substituted special privilege fee under the wholesale liquor supply scheme was held recognisable at the revised rate because the liability had crystallized before finalisation of accounts, and the assessee's consistent accounting treatment supported that approach; the corresponding addition was rejected. For closing stock of empty bottles, the assessee's contention that no valuation was warranted was accepted in principle, but the absence of proper factual verification and clear findings on the valuation method led to remand for limited examination by the Assessing Officer. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189163