No reassessment on pretext of faulty stock valuation if valuation made as per AS-2 was duly reflecte

IT: Where Assessing Officer having completed assessment under section 143(3), initiated reassessment proceedings on ground of incorrect valuation of stock, in view of fact that assessee had valued stock on basis of cost or market price whichever was lower and said method was duly reflected in books of account, impugned reassessment proceedings deserved to be quashed