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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Loss on obsolescence of stores - the assessee has made a ...

Case Laws     Income Tax

November 6, 2022

Loss on obsolescence of stores - the assessee has made a provision towards obsolescence of stores - in the preceding paragraphs, provision cannot be allowed as an expenditure especially when the assessee was unable to show us as to whether such provision was quantified in a scientific basis or not - AT

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