https://www.taxtmi.com/caselaws?id=16799 In estate duty proceedings, closing stock must be valued at its market value as on the date of death, which is the relevant valuation date under the Estate Duty Act. Applying that principle, the Tribunal's enhancement of the firm's closing stock to the retail market price obtainable on that date was upheld as correct on the facts. en-us Tue, 10 Sep 1996 00:00:00 +0530 Sat, 12 Sep 2009 12:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16799 In estate duty proceedings, closing stock must be valued at its market value as on the date of death, which is the relevant valuation date under the Estate Duty Act. Applying that principle, the Tribunal's enhancement of the firm's closing stock to the retail market price obtainable on that date was upheld as correct on the facts. Case-Laws Income Tax Tue, 10 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16799