{"id":8018,"date":"2019-11-02T07:42:54","date_gmt":"2019-11-02T07:42:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-sharad-mohanlal-shah-2019-108-taxmann-com-35-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-sharad-mohanlal-shah-2019-265-taxman-539-sc\/"},"modified":"2019-11-02T07:42:54","modified_gmt":"2019-11-02T07:42:54","slug":"cit-v-sharad-mohanlal-shah-2019-108-taxmann-com-35-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-sharad-mohanlal-shah-2019-265-taxman-539-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-sharad-mohanlal-shah-2019-108-taxmann-com-35-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-sharad-mohanlal-shah-2019-265-taxman-539-sc\/","title":{"rendered":"CIT  v.  Sharad Mohanlal Shah (2019) 108 taxmann.com 35 (Guj.) (HC)   Editorial: SLP of revenue is dismissed, CIT  v.  Sharad Mohanlal Shah. (2019)  265 Taxman 539 (SC)"},"content":{"rendered":"<p>Assessee is engaged in business of manufacturing and selling of gold ornaments who followed LIFO method of valuation. AO held that assessee undervalued stock which was below average cost price of gold and made certain addition to assessee&#8217;s income. Tribunal having accepted assessee&#8217;s explanation, deleted addition made by AO.\u00a0 High Court affirmed the order of Tribunal. (AY. 2010-11).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting\u2013Stock valuation of gold-LIFO method of valuation\u2013Recognised in law\u2013No substantial question of law. [S. 260A]<\/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-8018","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-25k","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8018","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=8018"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8018\/revisions"}],"predecessor-version":[{"id":8019,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8018\/revisions\/8019"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}