ACIT, SAMBALPUR vs. M/S MAHANADI COALFIELDS LTD, SAMBALPUR
In the result, appeals filed by the revenue for the assessment years
ITA 397/CTK/2013[2010-11]Status: DisposedITAT Cuttack20 Mar 2018AY 2010-11
Bench: S/Shri N.S Saini & Pavan Kumar Gadale
For Appellant: Shri S.S.Poddar/N.Kedia, ARFor Respondent: Shri Piyush Kolhe, CIT DR
Section 143(3)
145A of the Act. In the present case, the Coal India Limited,
which is a Government of India enterprise holding 100% shares of the
assessee company and similar shareholding in other subsidiaries, which
the ld A.R. explained that they are adopting this method. The audit
report of the assessee referred at page 94 prescribes the method of
valuation and inventories
