https://www.taxtmi.com/caselaws?id=394497 The Tribunal upheld the order passed by the learned CIT(A) for assessment year 2010-11, dismissing the Revenue's appeal. The case involved the valuation of stock under section 145A of the IT Act, 1961, emphasizing the correct reflection of income in the trading account. The Tribunal affirmed that no addition was required under section 145A following the inclusive method, aligning with previous decisions for assessment years 2008-09 and 2009-10. The Tribunal's decision concluded the legal proceedings on 24th February 2020. en-us Mon, 24 Feb 2020 00:00:00 +0530 Tue, 14 Apr 2020 15:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394497 The Tribunal upheld the order passed by the learned CIT(A) for assessment year 2010-11, dismissing the Revenue's appeal. The case involved the valuation of stock under section 145A of the IT Act, 1961, emphasizing the correct reflection of income in the trading account. The Tribunal affirmed that no addition was required under section 145A following the inclusive method, aligning with previous decisions for assessment years 2008-09 and 2009-10. The Tribunal's decision concluded the legal proceedings on 24th February 2020. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394497