Value of inventories written off as obsolete disallowed - the ...

Inventory Write-Off Claim Denied: Items Sold Later for Rs. 5,00,000 Prove Value at Year-End.

December 8, 2014

Case Laws Income Tax AT

Value of inventories written off as obsolete disallowed - the inventories were sold in subsequent years for ₹ 5,00,000/-, therefore, the claim of the assessee that these inventories had Nil value as at the end of the year under appeal cannot be accepted - AT

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Value of inventories written off as obsolete disallowed - the ...

Inventory Write-Off Claim Denied: Items Sold Later for Rs. 5,00,000 Prove Value at Year-End.

December 8, 2014

Case Laws Income Tax AT

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