https://www.taxtmi.com/acts?id=49401 Valuation of purchases, sales and inventory for business income must follow the accounting method regularly employed by the assessee and be adjusted to include any tax, duty, cess or fee actually paid or incurred to bring goods to their location and condition on the valuation date; this operates notwithstanding section 145 and includes such payments under any law despite any consequential rights. en-us Thu, 20 Feb 2025 17:51:15 +0530 Thu, 20 Feb 2025 17:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49401 Valuation of purchases, sales and inventory for business income must follow the accounting method regularly employed by the assessee and be adjusted to include any tax, duty, cess or fee actually paid or incurred to bring goods to their location and condition on the valuation date; this operates notwithstanding section 145 and includes such payments under any law despite any consequential rights. Act-Rules F. Acts / Amendment Acts Thu, 20 Feb 2025 17:51:15 +0530 https://www.taxtmi.com/acts?id=49401