2007 (10) TMI 299 - SCH - Income Tax

Review petition - Original question before court was Whether the ITAT was justified in holding that the method adopted by the assessee for valuation of closing stock of zinc concentrate at the international rate was in order particularly when there was no export during the financial year ending March 31 1996 and particularly when in the past the assessee has been valuing the closing stock of zinc concentrate for captive consumption at the weighted average cost - This Court held that Tribunal had erred in deleting the additions - Held that - no case for review of our order is made out - Decided against assessee.