https://www.taxtmi.com/caselaws?id=261756 The appeal was partly allowed for statistical purposes, with the Tribunal ruling in favor of the assessee on both issues. The disallowance of the claim of bad debts amounting to Rs. 13,18,904 was overturned as the debt was written off as irrecoverable in the accounts. The addition of Rs. 17,51,509 on account of alleged stock of work in progress was also reversed, with the Tribunal directing the assessing officer to allow the closing stock of the last year as the opening stock of the current year. en-us Fri, 31 Aug 2012 00:00:00 +0530 Tue, 21 Jul 2015 13:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261756 The appeal was partly allowed for statistical purposes, with the Tribunal ruling in favor of the assessee on both issues. The disallowance of the claim of bad debts amounting to Rs. 13,18,904 was overturned as the debt was written off as irrecoverable in the accounts. The addition of Rs. 17,51,509 on account of alleged stock of work in progress was also reversed, with the Tribunal directing the assessing officer to allow the closing stock of the last year as the opening stock of the current year. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261756