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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Claim of loss due to rejection of goods - the observations of ...


Assessing Officer's Misunderstanding on Rejected Exported Goods' Inventory Treatment Deemed Incorrect in Tax Claim Case.

November 27, 2019

Case Laws     Income Tax     AT

Claim of loss due to rejection of goods - the observations of the A.O, that now when the goods exported were rejected, then as to why the same were not included in the inventory of the assessee, we are afraid is an absolute fallacious and misconceived view.

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