https://www.taxtmi.com/caselaws?id=21417 The court affirmed the rejection of the new method of valuation of stock of finished goods by the assessee due to inconsistency and lack of regular adoption. Additionally, the court upheld the disallowance of the extra shift allowance, stating that the calculation should be based on the actual number of days the machinery worked extra shifts, in accordance with the rules at the time of the Tribunal's decision. The court acknowledged a subsequent C.B.D.T. instruction but indicated it would apply prospectively. en-us Tue, 22 Aug 1989 00:00:00 +0530 Tue, 24 Nov 2009 12:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21417 The court affirmed the rejection of the new method of valuation of stock of finished goods by the assessee due to inconsistency and lack of regular adoption. Additionally, the court upheld the disallowance of the extra shift allowance, stating that the calculation should be based on the actual number of days the machinery worked extra shifts, in accordance with the rules at the time of the Tribunal's decision. The court acknowledged a subsequent C.B.D.T. instruction but indicated it would apply prospectively. Case-Laws Income Tax Tue, 22 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21417