2018 (11) TMI 1331

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... HEMANI WITH MS VAIBHAVI K PARIKH (3238) ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue has challenged the order of the Income Tax Appellate Tribunal, Ahmedabad, dated 30.5.2017 raising the following question for our consideration. "Whether on the facts and circumstances of the case and in law, the Hon'ble Appellate Tribunal is justified in upholding the decisio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e assesseee average cost price and thereby disturbed the closing stock valuation. 3. The assessee carried the matter in appeal and the CIT(Appeal) noted the following such methods since several years. That even otherwise such method is recognised in law and the Assessing Officer ought not to have disturbed the same. 4. The Revenue filed an appeal before the Income Tax Appellate Tribunal, Ahm....