https://www.taxtmi.com/caselaws?id=58272 The Tribunal partly allowed the appeal, ruling that the disputed amount of Rs. 27,70,943 should be excluded from total sales for profit calculation. The sale of marine products worth Rs. 20,25,562.74 was deemed incomplete, and the Rs. 7,45,380 difference in exchange rates was considered a disputed claim. The ITO was instructed to value the closing stock as of 30-6-1974 based on the regular accounting method and relevant circumstances. en-us Sat, 19 Jan 1985 00:00:00 +0530 Sat, 18 Dec 2010 12:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58272 The Tribunal partly allowed the appeal, ruling that the disputed amount of Rs. 27,70,943 should be excluded from total sales for profit calculation. The sale of marine products worth Rs. 20,25,562.74 was deemed incomplete, and the Rs. 7,45,380 difference in exchange rates was considered a disputed claim. The ITO was instructed to value the closing stock as of 30-6-1974 based on the regular accounting method and relevant circumstances. Case-Laws Income Tax Sat, 19 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58272