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2007 (6) TMI 196 - HC - Income TaxWhen the change of accounting method is bona fide and is recognized in accounting principles, the resultant variation in income cannot be forced to be taxed upon the assessee – revenue submit that there is reduction in profit in year of change of method of accounting - assessee was entitled to value its opening stock in one way and the closing stock in another – AO is not justified in treating the amount of reduction as income of assessee
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