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1976 (3) TMI 90 - AT - Income TaxExtract: ....... sold during the year. Adjustment might have been necessary if such goods were liable to tax on resale. Since it is not liable to tax under resale, it is not necessary the consider the extent of stock in such goods. 7. In the result, an addition of Rs. 38,759.74 alone would be eligible for confirmation. Relief due Rs. 1,27,081.89 at 3 1/2 per cent.
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