2017 (3) TMI 1970

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....m C. Jadhav for the Respondent. P.C: Having heard Mr. Pinto at some length and perusing with his assistance the order, dated 19­7­2013, passed by the Income Tax Appellate Tribunal, "F" Bench, Mumbai in Income Tax Appeal No.4125/Mum/2012 for the Assessment Year 2009­10, we are of the view that the same does not raise any substantial question of law. On the own of the Assessing Off....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of manufacturing and trading of jewellery. If the method of valuation of closing stock was not acceptable, then, the Assessing Officer was obliged to not only discard the explanation of the assessee but also satisfy the Appellate Authority and the Tribunal in this case as to why such average cost method was accepted by the Assessing Officer in the earlier orders. Once the Tribunal comes to such a....