2019 (2) TMI 1645

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... And Mr. Kislaya Parashar, Advs. ORDER The Revenue in this appeal under Section 260A of the Income Tax Act questions the order of the ITAT as erroneous in law, on the ground that it accepted the weighted average method, adopted by the assessee, to treat the valuation of its closing stock. For the relevant assessment year (A.Y. 2008-09), the assessee had adopted, what is known as the "weighted ....