Valuation of stock - Section 145A cannot be applied in a piecemeal and ad-hoc manner to a few handful...

Valuation of stock - Section 145A cannot be applied in a piecemeal and ad-hoc manner to a few handful chosen and selected transactions as is done by the revenue in the instant case which will lead to distortion of income chargeable to tax which is not permissible under the Act. - AT .....

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