Method of accounting in certain cases [Sec. 145A]
Valuation of stock [Sec. 145A(a)]
The valuation of inventory shall be made in accordance with the method of accounting regularly employed by the assessee. Such value shall further be adjusted to include the amount of any tax, duty, cess or fee (by whatever name called) actually paid or incurred by the assessee to bring the goods to the place of its location and condition as on the date of valuation.
Treatment of tax, duty etc.: Any tax, duty, cess or fee (by whatever name called) under any law for the time being in force, shall include all such payment notwithstanding any right arising as a consequence to such payment.
Treatment of CENVAT credit: Even when an assessee is allowed MODVAT/CENVAT credit of excise duty, such excise duty shall be included in the valuation of purchase and sale of goods and inventory in determining the business income.
Valuation on dissolution of firm: In case of dissolution, stock should be valued at market price. However, where a firm is dissolved and business is continued then established rule of commercial practice of accountancy shall be applied i.e. stock shall be valued at cost or net realizable value, whichever is lower.

Tax on interest received on compulsory acquisition [Sec. 145A(b)]
Interest received by an assessee on compensation or on enhanced compensation, as the case may be, shall be deemed to be the income of the year (after reducing standard deduction @ 50% of income) in which it is received. Such interest shall be taxable under the head ‘Income from Other Sources’.