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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

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

Case Laws     Income Tax

December 8, 2014

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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