https://www.taxtmi.com/highlights?id=39604 Valuation of stock - addition u/s 145A - following the accounting standard, assessee has adopted exclusive method of accounting with regard to the recording of purchase, sale and inventory of the goods - AO erred in including the element of taxes only in the closing stock of inventories - No additions. en-us Mon, 28 May 2018 10:38:59 +0530 Mon, 28 May 2018 10:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39604 Valuation of stock - addition u/s 145A - following the accounting standard, assessee has adopted exclusive method of accounting with regard to the recording of purchase, sale and inventory of the goods - AO erred in including the element of taxes only in the closing stock of inventories - No additions. Highlights Income Tax Mon, 28 May 2018 10:38:59 +0530 https://www.taxtmi.com/highlights?id=39604