The assessee has valued the closing stock by consistently following the application of cost or net realisable value. Oder of Tribunal deleting the addition is affirmed. (AY. 2016-17)
PCIT v. Sony India Pvt. Ltd [2024] 167 taxmann.com 549 ( /(2025) 477 ITR 576 (Delhi)(HC)
S. 145 : Method of accounting-Business income-Valuation of closing stock-Consistent application of cost or net realisable value method – Order of Tribunal deleting the addition is affirmed. [S.28(i)]