In the result, all the three appeals filed by the assessee are dismissed
Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar
price, whichever is lower, as per settled and accepted principles of accountancy. Accordingly, the land in question as well as of other plots of land held by the assessee as stock-in-trade were used to be valued as per the method of valuation at the end of the year when accounts of the assessee were made out. However