Method of valuation of closing stock couldn't be changed just because value of stock shown by assessee was low

INCOME-TAX : Where Assessing Officer had not pointed out any defect in method of accounting followed by assessee for valuation of its closing stock, he could not impose another method on assessee merely because profits or value of closing stock shown by assessee was less

from www.taxmann.com Latest Case Laws https://ift.tt/2pKuZqA