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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Loss on revaluation of investments - valuation of stock in trade ...


Court Rules Bank Securities as Stock in Trade for Tax; Valued at Cost or Market, Whichever is Lower.

February 20, 2016

Case Laws     Income Tax     HC

Loss on revaluation of investments - valuation of stock in trade - the securities of the Banks are investment and have to be valued at costs or market price, whichever is less - claim of loss allowed - HC

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