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2007 (6) TMI 164 - HC - Income TaxAssessee is a dealer in shares – for AY 1991-92, assessee valued the closing stock of shares at the market value - From AY 1992-93, the assessee changed the method of valuation to cost price - no finding to the effect that the assessee had resorted to an ad hoc change in valuation merely to secure any temporary gain or advantage - being a substitution of one method by another scientific method - assessee was right in changing over the method of valuation, so valuation of stock is correct
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