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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Revision u/s 263 - CIT proposed the valuation of closing stock ...

Income Tax

September 29, 2018

Revision u/s 263 - CIT proposed the valuation of closing stock by taking the average of opening stock and purchase price. - Pr. Commissioner of Income Tax-1, Bhubaneswar was not justified in disturbing the consistent method of valuation.

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