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2005 (4) TMI 582 - AT - Income TaxExtract: .......the assessee's claim regarding conversion into stock-in-trade is bona fide, the assessee's claim for loss arising on valuation of the stock-in-trade as per the method cost or market price whichever is lower may be accepted by the Assessing Officer. 10. In the result, for statistical purposes, the assessee's appeal is treated as allowed.
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