Saturday, June 7, 2014

[aaykarbhavan] Stock transfer on discontinuation of business is to be valued at market price and not at cost, rules HC




Stock transfer on discontinuation of business is to be valued at market price and not at cost, rules HC

June 7, 2014[2014] 45 taxmann.com 202 (Kerala)
IT : Where a business is discontinued and stock transferred, valuation of closing stock would be at market value
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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