https://www.taxtmi.com/caselaws?id=58573 The Tribunal allowed the appeals, ruling in favor of the assessee regarding the valuation of closing stock and excise duty inclusion. It found the assessee's method of valuation to be consistent and in line with accounting principles. The additions to the income made by the IAC were deemed unjustified, leading to their deletion for the respective assessment years. en-us Thu, 29 Nov 1984 00:00:00 +0530 Mon, 20 Dec 2010 16:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58573 The Tribunal allowed the appeals, ruling in favor of the assessee regarding the valuation of closing stock and excise duty inclusion. It found the assessee's method of valuation to be consistent and in line with accounting principles. The additions to the income made by the IAC were deemed unjustified, leading to their deletion for the respective assessment years. Case-Laws Income Tax Thu, 29 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58573