Disposed¶25
M/S.Smithkline Beechan Consumer v. C.I.T.
Punjab & Haryana HCITR/92/1995
Case brief
AI extract
What is this about?
Punjab & Haryana High Court, decision 22.12.2025 — ITR-92-1995 (O&M) and ITR-27-1996, Smithkline Beecham Consumer Healthcare Ltd. v. Commissioner of Income Tax — valuation of closing stock; inclusion of indirect expenses in closing stock; assessee's reference question answered in terms of earlier order dated 27.11.2025 in ITR No.62-65 of 1995 upholding Tribunal's opinion; disposed of by common order with consent of both sides; pending applications disposed; Judges: Jagmohan Bansal (oral) and Amarinder Singh Grewal.
What did the court decide?
Reference question raised by the assessee answered in terms of the order passed in ITR No.62-65 of 1995; pending application(s), if any, stand disposed of. ¶25