{"id":36806,"date":"2023-09-05T13:23:46","date_gmt":"2023-09-05T07:53:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-rajmal-manikchand-and-co-2022-96-itr-39-sn-pune-trib\/"},"modified":"2023-09-05T13:23:46","modified_gmt":"2023-09-05T07:53:46","slug":"acit-v-rajmal-manikchand-and-co-2022-96-itr-39-sn-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-rajmal-manikchand-and-co-2022-96-itr-39-sn-pune-trib\/","title":{"rendered":"ACIT v. Rajmal Manikchand and Co. (2022) 96 ITR 39 (SN) (Pune) (Trib)"},"content":{"rendered":"<p>If the method of valuation remained the same as it was and the Assessing Officer carried out some alterations in the method of valuation of closing stock, such alterations would have also to be given effect in the valuation of opening stock. Since the assessee had been consistently valuing its stock of jewellery in the same manner under the \u201clast in, first out\u201d method, which was also accepted by the Department, the Commissioner (Appeals) was fully justified in continuing with the same method of valuation. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145A : Method of accounting-Valuation-Closing Stock-Valuation-Jewellery business-\u201cLast In First Out\u201d System of Accounting-Consistently valuing its  stock of  jewellery under \u201cLast In First Out\u201d-Order of CIT(A) is affirmed. [S. 145] <\/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":[21],"tags":[],"class_list":["post-36806","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9zE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36806","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=36806"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36806\/revisions"}],"predecessor-version":[{"id":36807,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36806\/revisions\/36807"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}