Allowing the appeal of the assesssee the Court held that , the year under consideration was the first year of business of the assessee in trading of stocks and shares. The value adopted by the assessee was the value realised by the assessee upon sale of the shares and such a contingency was clearly covered in clause 8 of Accounting Standard-4, which deals with events occurring after the date of the balance-sheet. The method was justified. ( Notification Nos. 9949 [F. No. 132/7/95-TPL]/S. O. 69(E)( 1996) 218 ITR 1 (St), and 31/2018, dt. January 25, 1996 and March 31, 2005)  ( AY.2000-01