https://www.taxtmi.com/caselaws?id=292872 The ITAT partially allowed the appeal, emphasizing the need for corresponding adjustments in opening stock as per judicial precedents and directing verification of the exclusion of capital goods amount. The ITAT upheld the CIT(Appeals) direction for the exclusion of the capital goods amount if found correct. en-us Tue, 20 Mar 2012 00:00:00 +0530 Mon, 11 Jan 2021 15:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292872 The ITAT partially allowed the appeal, emphasizing the need for corresponding adjustments in opening stock as per judicial precedents and directing verification of the exclusion of capital goods amount. The ITAT upheld the CIT(Appeals) direction for the exclusion of the capital goods amount if found correct. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292872