TMI BlogValuation of investments held as stock in trade - whether the loss of in account of valuation of stock...Valuation of investments held as stock in trade - whether the loss of in account of valuation of stock can indeed be allowed as a deduction in computation of business income? - The the action of the AO, which has been upheld by the learned CIT(A) in a very mechanical manner without application of mind, cannot meet our judicial approval. - Additions to be deleted - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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