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1991 (7) TMI 5 - HC - Income TaxExtract: .......hird Schedule thereto, the assessee-bank cannot be permitted to claim a loss on revaluation by claiming a different method of stock valuation notionally for income-tax purposes only. For the reasons aforesaid, we answer both the questions in the negative and in favour of the Revenue, There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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