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Retail method could be used for valuation when actual cost of product couldn’t be ascertained
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Corporate Tax
Retail method could be used for valuation when actual cost of product couldn’t be ascertained
Posted on
on
February 24, 2018
Tenet Tax Daily February 17 2018
By
tenettax-team
Corporate Tax
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HC justified reassessment as WDV of land shown in books of account was lesser than amount shown in ITR
Exp. on replacement of moulds & dies subject to heavy wear & tear was allowable as revenue expenditure
