HC allowed change in method of valuation of stock as it was required to determine actual income/loss correctly

IT: Where assessee-bank valued its stock of shares and securities on cost basis in books of account, in view of fact that price of those shares fell sharply during relevant year, in such a case, in order to arrive at real income/loss, correctly, assessee could value closing stock of shares on market price or cost, whichever was lower basis in its return of income

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