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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Provision for impairment of stocks - method of valuation of ...

Case Laws     Income Tax

October 6, 2018

Provision for impairment of stocks - method of valuation of stock - inventory consisted of old/used stock which was categorized as defective, but, repairable stock and demo stock. These stocks were valued at their net realizable value - claim of assessee allowed.

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