assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
assigned by using First-In-First-Out (FIFO), or weighted
average cost formula'. Clause 22 provides that the value of the
opening stock shall ... provisions of Clause 16 of ICDS (II), the
revaluation of the closing stock of the petitioner applying FIFO
or Weighted average cost method
average and assessed the stock to
the tune of Rs. 52,53,198/- which is contrary to the basic principle of
insurance. The average clause
survey report that the Surveyor did not recommend any deduction applying average clause. However, applying said clause, the Insurance Company deducted ... Salvage
24,74,523/-
2,22,70,711/-
Amount after applying average clause 30000000/32318003*22270711
2,06,73,348/-
Less: Excess
account of administrative expenses being 0.5% of
average investment as per clause (iii) to sub-rule(2) of Rule 8D. The assessee claimed
that since ... Techno Electric & Engineering Company Limited
prescribed. Numerical B in clause (ii) refers to average value of the
investment, income from which does not form
