https://www.taxtmi.com/caselaws?id=280771 The Tribunal allowed the appeals for AY 2010-11 and AY 2011-12 partly, by deleting the additions made by the AO and rejecting the invocation of Section 145. The Tribunal emphasized the correctness of the assessee's inventory valuation method and the need to adhere to principles of natural justice. The appeals were decided in favor of the assessee, with directions to delete the disputed additions and reconsider the interest charges. en-us Fri, 29 Dec 2017 00:00:00 +0530 Tue, 21 May 2019 06:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280771 The Tribunal allowed the appeals for AY 2010-11 and AY 2011-12 partly, by deleting the additions made by the AO and rejecting the invocation of Section 145. The Tribunal emphasized the correctness of the assessee's inventory valuation method and the need to adhere to principles of natural justice. The appeals were decided in favor of the assessee, with directions to delete the disputed additions and reconsider the interest charges. Case-Laws Income Tax Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280771