1989 (1) TMI 99

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....-The question sought to be referred herein is "Whether, on the facts and in the circumstances of the case, the honourable Income-tax Tribunal is justified in sustaining the addition by revaluing the closing stock at market price when a partner in a firm died and the business is run by the firm reconstituted on the death of the partner taking over assets and liabilities ? " What happened is t....