{"id":1315,"date":"2018-06-11T06:04:11","date_gmt":"2018-06-11T06:04:11","guid":{"rendered":"http:\/\/itatonline.org\/digest\/shri-ram-kutir-khandsari-udyog-p-ltd-v-cit-2018-404-itr-185-all-hc\/"},"modified":"2018-06-11T06:04:11","modified_gmt":"2018-06-11T06:04:11","slug":"shri-ram-kutir-khandsari-udyog-p-ltd-v-cit-2018-404-itr-185-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-ram-kutir-khandsari-udyog-p-ltd-v-cit-2018-404-itr-185-all-hc\/","title":{"rendered":"Shri Ram Kutir Khandsari Udyog P. Ltd.  v. CIT (2018) 404 ITR 185 (All) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that;Tribunal taking only market rate one day later for determining valuation of stock-in-trade\u00a0 is held to be\u00a0not consistent with law. Tribunal\u00a0was directed to\u00a0 reconsider valuation of closing stock on the basis of\u00a0principles established by law. Cost or market which ever is less. (AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.145: Method  of accounting -Valuation of stock \u2014Tribunal taking only market rate one day later for determining valuation of stock-in-trade  is held to be  not consistent with law \u2014 Tribunal  was directed to  reconsider valuation of closing stock on the basis of  principles established by law.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1315","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ld","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1315"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1315\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}