Held that since the assessee valued inventories at the lower of cost price or net realisable value which was the prescribed method of valuation of inventories, no further deduction of provision would be admissible to the assessee since any decrease in value of inventories at year-end would be subsumed in the method of valuation adopted by the assessee. In other words, when the valuation was on the lower of cost or net realisable value any decrease in the value of obsolete or slow moving stock on the valuation date would automatically take care of the loss suffered by the assessee on this account. Accordingly, a separate provision in this regard, could not be allowed to the assessee. Tribunal also held that the Liability not crystallised is not allowable as deduction.  (AY.2013-14)