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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Valuation of closing stock - gold and jewellery - AO cannot ...

Case Laws     Income Tax

February 24, 2023

Valuation of closing stock - gold and jewellery - AO cannot change the method which was not recognized method as per the prescribed standards for valuation of closing stock, when the assessee has explained the valuation of closing stock by adopting weighted average cost price method - AT

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