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[Cites 0, Cited by 0] [Section 277] [Entire Act]

Union of India - Subsection

Section 277(2) in The Income Tax Act, 2025

(2)For the purposes of sub-section (1), the inventory being securities held by a scheduled bank or public financial institution shall be valued as per the income computation and disclosure standards notified under section 276(2) after taking into account the extant guidelines issued by the Reserve Bank of India in this regard.