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2008 (9) TMI 611 - AT - Income TaxExtract: .......that the activity has come to an end in assessment year 1997-98 and if the closing stock of all the foregoing years is disturbed, the net effect would be nil, we do not see any reason to disturb the valuation adopted by the assessee. In view of the same, this ground of appeal is allowed. 22. In the result, assessee rsquo s appeal is partly allowed.
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