https://www.taxtmi.com/caselaws?id=19162 The High Court affirmed the assessee's right to change the valuation method of closing stock if done bona fide and consistently. The Court upheld the assessee's method of valuing DBM dust at nil, reducing assessable income by Rs. 70,50,677. The High Court rejected the Revenue's petition, emphasizing the importance of a bona fide and consistent approach to valuation methods. en-us Fri, 26 May 1995 00:00:00 +0530 Wed, 04 Nov 2009 13:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19162 The High Court affirmed the assessee's right to change the valuation method of closing stock if done bona fide and consistently. The Court upheld the assessee's method of valuing DBM dust at nil, reducing assessable income by Rs. 70,50,677. The High Court rejected the Revenue's petition, emphasizing the importance of a bona fide and consistent approach to valuation methods. Case-Laws Income Tax Fri, 26 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19162