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2020 (4) TMI 404 - AT - Income TaxAddition on account of difference in trading - assessee has failed to reflect correct income as per memorandum of trading account as per provisions of section 145A - whether there any difference in valuation of the stock as compared to exclusive method, if inclusive method is adopted for valuation of the stock? - HELD THAT:- In the case of the assessee in assessment year 2008-09 and 2009-10 identical issue of valuation of the stock and addition under section 145A of the Act involved, respectfully following the finding of the Tribunal (supra), we are of the view that that no addition is required under section 145A of the Act following the inclusive method. The finding of the Ld. CIT(A) on the issue in dispute is upheld. - Decided in favour of assessee.
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