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2007 (11) TMI 281 - SUPREME COURT
Valuation of obsolete items as certified by the auditors can not be rejected on the ground that list of obsolete items was not produced by the assessee - "written back" and "written off" of depreciation are two different terms therefore adjustment made by assessee under circular with regard to deprecation and working out of relief u/s 32AB can not be denied - Interest from customers and sales tax set off are eligible for deduction u/ s 80 HHC