TMI Blog2007 (7) TMI 280X X X X Extracts X X X X X X X X Extracts X X X X ..... osing stock, which has been accepted by the Revenue on earlier occasions also and that the method was in accordance with the well-accepted accounting principles, the Tribunal was right in deleting he additions - 559 of 2007 - - - Dated:- 13-7-2007 - MADAN B. LOKUR, V. B. GUPTA JJ. R. D. Jolly for the appellant. None appeared for the respondent . JUDGMENT C. M. No. 8352 of 2007 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee had been following the same method of stock valuation for the last few previous years and that that method had been accepted by the Revenue. It was found that there was no change in the method adopted by the assessee and, therefore, the Assessing Officer was not justified in not accepting the return filed by the assessee. It was also found that the method adopted by the assessee was in accordan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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