https://www.taxtmi.com/caselaws?id=216058 The tribunal dismissed the issue of reopening assessment proceedings under Section 148 as not pressed. Regarding the deduction for obsolete stock written back, the tribunal restored the matter to the Assessing Officer for re-examination to prevent double taxation. As for the deduction for provision of doubtful debts written back, the tribunal upheld the CIT (A)'s decision, ensuring no double taxation and dismissing the Revenue's appeal. The appeals by the assessee were allowed for statistical purposes, while the departmental appeal was dismissed. en-us Fri, 08 Jun 2012 00:00:00 +0530 Mon, 27 Aug 2012 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216058 The tribunal dismissed the issue of reopening assessment proceedings under Section 148 as not pressed. Regarding the deduction for obsolete stock written back, the tribunal restored the matter to the Assessing Officer for re-examination to prevent double taxation. As for the deduction for provision of doubtful debts written back, the tribunal upheld the CIT (A)'s decision, ensuring no double taxation and dismissing the Revenue's appeal. The appeals by the assessee were allowed for statistical purposes, while the departmental appeal was dismissed. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216058