https://www.taxtmi.com/highlights?id=39682 Valuation of closing stock of land - change in method of valuation - land under litigation/encroachment - cannot be valued at the cost or prevailing market price, rather its value would be very less due to defects and deficiency of not available to the assessee for immediate use neither be valued at nil - thus value is to be determined on the basis of the actual status - AT en-us Fri, 01 Jun 2018 13:17:04 +0530 Fri, 01 Jun 2018 13:17:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39682 Valuation of closing stock of land - change in method of valuation - land under litigation/encroachment - cannot be valued at the cost or prevailing market price, rather its value would be very less due to defects and deficiency of not available to the assessee for immediate use neither be valued at nil - thus value is to be determined on the basis of the actual status - AT Highlights Income Tax Fri, 01 Jun 2018 13:17:04 +0530 https://www.taxtmi.com/highlights?id=39682