Stock Valuation Dispute Resolved: No Additions Made u/s 145A Due to Incorrect Tax Inclusion by AO.

Valuation of stock - addition u/s 145A - following the accounting standard, assessee has adopted exclusive method of accounting with regard to the recording of purchase, sale and inventory of the goods - AO erred in including the element of taxes only in the closing stock of inventories - No additions. .....

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