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1991 (1) TMI 131 - HC - Income TaxExtract: .......left untouched. That, however, cannot be a justification for not valuing the closing stock on the dissolution of a firm at market rate as laid down by series of decisions. We, therefore answer the question referred to us in the affirmative and in favour of the Revenue. The Revenue will be entitled to the cost of this reference. Counsel fee Rs. 500.
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