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Pr. Commissioner of income tax Versus Gillette Diversified Operations Pvt. Ltd.

2016 (2) TMI 303 - DELHI HIGH COURT

Addition on account of inventory written off - Held that:- As far as the present case is concerned, the CIT (A) having noted categorically that the complete details of inventory were furnished by the Assessee together with evidence of persons before .....

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. MURALIDHAR AND VIBHU BAKHRU, JJ For the Petitioner : Mr. Kamal Sawhney, Senior Standing counsel with Mr. Shikhar Garg, Advocate. For the Respondent : None ORDER 1. This appeal under Section 260A of the Income Tax Act, 1961 ( Act ) is against an ord .....

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leting the addition of ₹ 2,07,89,275 made by the Assessing Officer ( AO ) on account of inventory written off. 3. The Assessee is engaged in the business of manufacture and sale of tooth brushes and deals in small electrical appliances. It is e .....

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e of its domestic businesses. The AO observed that the Assessee could not submit substantial evidence and details of the damaged and unserviceable goods and, therefore, the inventory written off to the above extent was not allowed. 4. However, when t .....

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tory written off. In the order dated 21st February 2011, while allowing the appeal of the Assessee, the CIT (A) returned a factual finding that the Appellant has given complete details of inventory which have been written off as well as evidences in .....

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