Valuation of the closing stock of scrap - AO is not justified in ...

Income Tax

April 19, 2018

Valuation of the closing stock of scrap - AO is not justified in valuing the closing stock of packing materials representing scrap based on the scrap sales made in subsequent years ignoring the principles of valuation of stock as enumerated in AS 2 issued by ICAI which is also mandated to be followed u/s 145A of the Act. - AT

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Valuation of the closing stock of scrap - AO is not justified in ...

Income Tax

April 19, 2018

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