TMI BlogAdditions on account of suppression of closing stock - defects in the LIFO method adopted - AO, is wrong...Additions on account of suppression of closing stock - defects in the LIFO method adopted - AO, is wrong in disturbing the method of accounting regularly employed by the assessee for valuation of closing stock. Hence the addition is bad in law - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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