https://www.taxtmi.com/highlights?id=40482 Valuation of closing stock - Even if the excise duty has not been paid and the assessee has postponed its payment, the valuation of the goods will not get affected. Accounting system of the assessee would be of no consequence to arrive at the true and correct valuation of the closing stock en-us Mon, 23 Jul 2018 13:57:38 +0530 Mon, 23 Jul 2018 13:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40482 Valuation of closing stock - Even if the excise duty has not been paid and the assessee has postponed its payment, the valuation of the goods will not get affected. Accounting system of the assessee would be of no consequence to arrive at the true and correct valuation of the closing stock Highlights Income Tax Mon, 23 Jul 2018 13:57:38 +0530 https://www.taxtmi.com/highlights?id=40482