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2004 (7) TMI 52 - HC - Income TaxGovernment securities – method of valuation - valuation of stock - "1. Whether Tribunal had enough material to hold, and was right in law in holding that the Government securities held by the assessee-bank are to be treated as stock-in-trade and not investment? 2. Whether, Tribunal was right in law in holding that the assessee is entitled to change the method of valuation of Government securities to market value from cost, and claim depreciation on the difference?" - Substantial questions of law raised in this appeal are answered against the appellant/Revenue
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