Disallowance of obsolete inventory written off - the assessee ...
Income Tax
April 11, 2020
Disallowance of obsolete inventory written off - the assessee should produce the details of inventory, year of manufacturing/purchase, how it is to be used and how it can be construed that it has no value. Since the assessee failed to give any such details; therefore, the Assessing Officer has disallowed it. - AT
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