AO couldn't dispute method of valuation of closing stock if same was accepted by revenue in earlier years

IT: Where assessee-company had shown value of goods in closing stock at nil, in view of facts that assessee was following similar method of valuation of closing stock year after year and same was accepted in earlier year by revenue and, further, considering nature of these items it was clear that these items day to day reduce in their value, Commissioner (Appeals) was justified in accepting said valuation of closing stock

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