TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Obsolete inventory written off in accordance with accounting standards and audited financial statements should be allowed as deduction. Coordinate Bench in BG Exploration case held disallowance unsustainable when obsolete inventory prepared as per accounting standards and audited. Jaipur Bench in Gillette case allowed deduction for written off obsolete inventory with ledger codes and details. Legal principle upheld that obsolete stock written off as per audited accounts and accounting standards is deductible expense.
TaxTMI 
TaxTMI 
