2016 (2) TMI 303

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..... posed of, and with the inventory clearly not being available for any verification, no purpose will be served by remanding the matter to the AO for that exercise. - Decided against revenue - ITA 1018/2015 - - - Dated:- 13-1-2016 - S. MURALIDHAR AND VIBHU BAKHRU, JJ For the Petitioner : Mr. Kamal Sawhney, Senior Standing counsel with Mr. Shikhar Garg, Advocate. For the Respondent : None .....

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..... he assets of the manufacturing business and discontinued one of its domestic businesses. The AO observed that the Assessee could not submit substantial evidence and details of the damaged and unserviceable goods and, therefore, the inventory written off to the above extent was not allowed. 4. However, when the matter travelled in appeal to the Commissioner of Income Tax (Appeals) [ CIT (A) ], t .....

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..... er to the AO for verification of details and, therefore, the present case should also be decided likewise. 6. The Court finds that as far as the present case is concerned, the CIT (A) having noted categorically that the complete details of inventory were furnished by the Assessee together with evidence of persons before whom the items were disposed of, and with the inventory clearly not being .....

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