https://www.taxtmi.com/caselaws?id=11666 The court ruled in favor of the assessee, holding that they were not barred by law from changing their stock valuation method. The court found the change permissible to benefit in tax implications as long as it was done honestly and consistently. Additionally, the court determined that the Tribunal erred in finding that the assessee had not met the conditions for changing the valuation method. The court restored the order of the Commissioner of Income-tax (Appeals) and awarded costs to the assessee due to the unsatisfactory handling of the case by the Tribunal. en-us Fri, 27 Sep 2002 00:00:00 +0530 Fri, 05 Feb 2010 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11666 The court ruled in favor of the assessee, holding that they were not barred by law from changing their stock valuation method. The court found the change permissible to benefit in tax implications as long as it was done honestly and consistently. Additionally, the court determined that the Tribunal erred in finding that the assessee had not met the conditions for changing the valuation method. The court restored the order of the Commissioner of Income-tax (Appeals) and awarded costs to the assessee due to the unsatisfactory handling of the case by the Tribunal. Case-Laws Income Tax Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11666