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Once ITO Accepts Rate At Which Closing Stock Was Valued, No Addition To Net Profit Can Be Made Without Recomputing Trading Result U/s 145(1): Punjab & Haryana HC

Finding that the stock production and consumption records were maintained under the supervision of the Excise Authorities and there is no objection raised with regard to the said stock by the ITO, the...
Justice Sudeepti Sharma Punjab Haryana High Court High Court Excise Authorities Haryana High Court Assessing Officer
Source: livelaw.in

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