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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Dual method of accounting for valuation of stock of sugar - The ...


High Court Rules Dual Accounting for Sugar Stock Valuation is Revenue-Neutral, No Extra Tax Implications.

October 14, 2015

Case Laws     Income Tax     HC

Dual method of accounting for valuation of stock of sugar - The closing stock as well as the opening stock would reflect this dual system of valuation followed by the Assessee and the net tax effect would be revenue neutral - No addition - HC

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