https://www.taxtmi.com/highlights?id=71335 Addition on account of valuation of stock - AO has no power to scrutinize the return submitted by the assessee to the commercial tax department which has been accepted. AO did not have any jurisdiction to go beyond the value of the closing stock declared by the assessee and accepted by the Commercial Tax Department. - AT en-us Sat, 05 Aug 2023 08:20:30 +0530 Sat, 05 Aug 2023 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71335 Addition on account of valuation of stock - AO has no power to scrutinize the return submitted by the assessee to the commercial tax department which has been accepted. AO did not have any jurisdiction to go beyond the value of the closing stock declared by the assessee and accepted by the Commercial Tax Department. - AT Highlights Income Tax Sat, 05 Aug 2023 08:20:30 +0530 https://www.taxtmi.com/highlights?id=71335