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2005 (9) TMI 510 - ITAT BANGALORE
Extract:
.......case the stock is to be valued as per section 145A. Section 145A is not applicable for the assessment year 1997-98 and therefore, the learned CIT(A) was not justified in upholding the addition of Rs. 98.75 lakhs. The addition confirmed by learned CIT(A) is deleted. In the result, the appeals of assessee are allowed and that of revenue is dismissed.