Writing off of stock - The action of the AO is a double addition. ...

Assessing Officer's double addition error: Incorrectly included unclaimed write-back, not sale proceeds of inventory. No addition warranted.

August 31, 2013

Case Laws Income Tax AT

Writing off of stock - The action of the AO is a double addition. A figure which was never claimed or allowed as a deduction in the earlier year was added back - The write back of provision is not sale proceeds of slow moving/obsolete inventory. - no addition - AT

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Writing off of stock - The action of the AO is a double addition. ...

Assessing Officer's double addition error: Incorrectly included unclaimed write-back, not sale proceeds of inventory. No addition warranted.

August 31, 2013

Case Laws Income Tax AT

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