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2011 (10) TMI 523 - AT - Income TaxUnder valuation of stock - Held that:- Assessing Officer was not justified in disturbing the method of valuation of closing stock adopted by the assessee. Accordingly, we hold that the learned Commissioner of Income-tax (Appeals) was justified in deleting the addition, more especially as the finding of the learned Commissioner of Income-tax (Appeals) remained uncontroverted. This ground of the Department fails. Addition on account of breakage claimed - addition under section 40(a)(ia) - non deduction of TDS on various payments for and on behalf of nonresident shipping company -
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