Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1988 (3) TMI 34 - HC - Income Tax
Extract:
.......rfere with the change in the method of valuation of the closing stock. The Tribunal had referred to a long list of cases supporting the above view and we are in entire agreement with the proposition. Having regard to the above, the answer to the first question is in the affirmative, i.e., in favour of the assessee and against the Revenue. No costs.