https://www.taxtmi.com/caselaws?id=39803 The court upheld the valuation of closing stock to include customs duties and incidental charges, emphasizing consistency in valuation methods for both opening and closing stock. The revaluation of opening stock was not required as the Tribunal adjusted the closing stock valuation instead. The court rejected the assessee's application regarding the credit note omission from a foreign party, finding no merit in the appeal and issuing no costs order. en-us Tue, 13 Nov 1973 00:00:00 +0530 Tue, 20 Apr 2010 13:25:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39803 The court upheld the valuation of closing stock to include customs duties and incidental charges, emphasizing consistency in valuation methods for both opening and closing stock. The revaluation of opening stock was not required as the Tribunal adjusted the closing stock valuation instead. The court rejected the assessee's application regarding the credit note omission from a foreign party, finding no merit in the appeal and issuing no costs order. Case-Laws Income Tax Tue, 13 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39803