Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1979 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1979 (5) TMI 46 - ITAT JABALPURExtract: .......of the silver for these two years should be valued at the purchase rate which comes to Rs. 465 per kg. and Rs. 782 per kg. for the asst. yrs. 1974-75 and 1975-76. The ITO should bear in mind that the opening stock of silver should be also revalued as per the purchase rate of the immediate preceding year. 7. The appeal of the appellant is dismissed.
|