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1970 (5) TMI 2 - SC - Income TaxIncome-tax Officer held that the valuation by the company of the opening stock was in "clear violation of the terms of agreement between the vendors and the company" and added a sum of Rs. 33,000 representing the difference between the value of the closing stock - Tribunal was justified in holding that the sum of Rs. 33,000 forms part of the assessable profits of the assessee-company - Assessee's appeal is dismissed
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