Court Rules WIP Value for 2001-02 Must Remain at Rs. 4.94 Crores Despite 2004-05 Declaration.

Recognition of income - determination of value of WIP - Merely because assessee has offered the same to tax in A.Y. 2004-05 cannot be a ground to reduce the correct WIP from ₹ 4.94 crores to ₹ 3 crores for A.Y. 2001-02. - AT .....

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