Addition to the valuation of unsold flats - the valuation of unsold stock at the close of an accounting...

Addition to the valuation of unsold flats - the valuation of unsold stock at the close of an accounting period is a necessary part of the process of determining the trading results of that period and can in no sense be regarded as the source of such profits - valuing unsold flats at the average of sale price and assessed profit attributable to unsold flats is not permissible .....

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