PR COMMISSIONER OF INCOME TAX-2 CHANDIGARH vs. M/S SMITHKLINE BEECHAM CONSUMER HEALTHCARE LTD
ITA/325/2016HC Punjab & Haryana04 Feb 2026
Bench: MR. JUSTICE AMARINDER SINGH GREWAL,MR. JUSTICE JAGMOHAN BANSAL
Section 260ASection 80
1,41,58,549/- by excluding the excise duty in the valuation of
closing stock?
(v) Whether on the facts and in circumstances of the case and in
law, the Hon'ble ITAT is right in allowing the relief of Rs.
83,97,899/- by directing the AO to value the closing stock on
the direct cost method as adopted
