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Income Tax - Highlights / Catch Notes

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Addition on account of difference in valuation of securiti - ...

Income Tax

July 7, 2016

Addition on account of difference in valuation of securiti - Reduction in profit due to change in valuation method of stock cannot be a reason to reject the claim of assessee. Whenever, there is change in method of accounting, there would be aberrations in the financial results. - AT

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