https://www.taxtmi.com/caselaws?id=56137 The Tribunal confirmed the deletion of the Rs. 7,30,298 addition to the assessee's total income, ruling in favor of the assessee in a dispute over the valuation of closing stock due to a method change. The change in valuation method was deemed bona fide and scientifically sound, with the Tribunal upholding the CIT (Appeals) decision that the alteration should not impact the assessment in the year of change. The Tribunal dismissed the departmental appeal, citing relevant case law supporting the assessee's position. en-us Tue, 03 Mar 1992 00:00:00 +0530 Wed, 01 Dec 2010 17:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56137 The Tribunal confirmed the deletion of the Rs. 7,30,298 addition to the assessee's total income, ruling in favor of the assessee in a dispute over the valuation of closing stock due to a method change. The change in valuation method was deemed bona fide and scientifically sound, with the Tribunal upholding the CIT (Appeals) decision that the alteration should not impact the assessment in the year of change. The Tribunal dismissed the departmental appeal, citing relevant case law supporting the assessee's position. Case-Laws Income Tax Tue, 03 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56137