https://www.taxtmi.com/caselaws?id=289970 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee in a case involving the valuation of closing stock and an assessment order passed on a deceased person. The Tribunal directed the deletion of the addition made by the AO concerning the closing stock valuation, emphasizing proper assessment procedures and legal precedents. Additionally, the Tribunal deemed the assessment order on the deceased individual unlawful, citing legal provisions and previous court decisions, leading to the cancellation of the assessment order and allowing the appeal of the assessee. en-us Fri, 13 Mar 2015 00:00:00 +0530 Wed, 02 Sep 2020 00:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289970 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee in a case involving the valuation of closing stock and an assessment order passed on a deceased person. The Tribunal directed the deletion of the addition made by the AO concerning the closing stock valuation, emphasizing proper assessment procedures and legal precedents. Additionally, the Tribunal deemed the assessment order on the deceased individual unlawful, citing legal provisions and previous court decisions, leading to the cancellation of the assessment order and allowing the appeal of the assessee. Case-Laws Income Tax Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289970