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)
price mines-wise; hence taking the global view for valuation of
closing stock can never be justified rather the valuation of coal mines-
wise gives the real cost of production for the purpose of valuation of stock
in place of valuation for MCL as a whole. We considering the overall
circumstances and uniform accounting policy issued by Coal India Limited
