https://www.taxtmi.com/forum/issue?id=111653 The purchaser recorded all assets and liabilities of a proprietorship taken over and seeks guidance on valuation and accounting treatment of acquired stock to avoid recognising an artificial accounting loss if the inventory is booked through purchases, while preserving correct carryforward of assets and liabilities for tax reporting. en-us Sun, 19 Mar 2017 20:20:26 +0530 Thu, 23 Jan 2025 15:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111653 The purchaser recorded all assets and liabilities of a proprietorship taken over and seeks guidance on valuation and accounting treatment of acquired stock to avoid recognising an artificial accounting loss if the inventory is booked through purchases, while preserving correct carryforward of assets and liabilities for tax reporting. Discussion-Forum Income Tax Sun, 19 Mar 2017 20:20:26 +0530 https://www.taxtmi.com/forum/issue?id=111653