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2007 (3) TMI 411 - AT - Income TaxExtract: .......purchases and it was not necessary that opening stock should also be disturbed. Thus, it is now well-settled that opening stock need not be disturbed when there is bona fide change in method of valuation of closing stock. In view of aforementioned discussion, this ground of appeal is allowed. 8. In the result, the appeal of the assessee is allowed.
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