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2002 (11) TMI 267 - AT - Income TaxExtract: ........ vs. CIT opined that where there is dissolution of the firm, reconstituted with remaining partners without dissolution of business, stock of the firm is to be valued at market price or cost price, whichever is lower, where decision of A.L.A. Firm was discussed. 11. In the result, the appeal is allowed in favour of the assessee and against Revenue.
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