Dharampal Satyapal Ltd. v. Dy. CCIT (2020) 191 DTR 87 (Delhi)(Trib.)

S. 145A : Method of accounting-Valuation of Work in Progress-Valuation was accepted in subsequent year-Addition was deleted. [S. 145(2A)]

Revenue had disputed the method of valuation and its cost components of work in progress for the relevant assessment year. It was noted that in subsequent years AO has accepted method of valuation as well as cost component included for inventory valuation.  The addition made by AO in the relevant assessment year was deleted. (AY. 2010-11, 2011-12)