https://www.taxtmi.com/news?id=72001 Form 101 is the prescribed inventory valuation report to be furnished by a Cost Accountant when an Assessing Officer directs valuation of inventories under Section 268(5)(ii) of the Income-tax Act, 2025 read with Rule 171. It is used to support correct inventory valuation for tax computation and verification, and is filed only when special valuation is directed. The report must be submitted within the time allowed by the Assessing Officer, subject to any extension not exceeding six months from the end of the month in which the direction is received. en-us Mon, 30 Mar 2026 18:10:34 +0530 Mon, 30 Mar 2026 18:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72001 Form 101 is the prescribed inventory valuation report to be furnished by a Cost Accountant when an Assessing Officer directs valuation of inventories under Section 268(5)(ii) of the Income-tax Act, 2025 read with Rule 171. It is used to support correct inventory valuation for tax computation and verification, and is filed only when special valuation is directed. The report must be submitted within the time allowed by the Assessing Officer, subject to any extension not exceeding six months from the end of the month in which the direction is received. News - Mon, 30 Mar 2026 18:10:34 +0530 https://www.taxtmi.com/news?id=72001