https://www.taxtmi.com/highlights?id=48299 Allowability of write off of obsolete and non-usable inventory which is 10% of the total inventory - there can be no denial that assessee is entitled to claim loss towards obsolete stock in a given year, it is also the corresponding duty of the assessee to prove the existence of such obsolete material by direct or circumstantial evidences - the assessee has totally failed in its corresponding duties - disallowance restricted to 5% en-us Wed, 31 Jul 2019 04:34:37 +0530 Wed, 31 Jul 2019 04:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48299 Allowability of write off of obsolete and non-usable inventory which is 10% of the total inventory - there can be no denial that assessee is entitled to claim loss towards obsolete stock in a given year, it is also the corresponding duty of the assessee to prove the existence of such obsolete material by direct or circumstantial evidences - the assessee has totally failed in its corresponding duties - disallowance restricted to 5% Highlights Income Tax Wed, 31 Jul 2019 04:34:37 +0530 https://www.taxtmi.com/highlights?id=48299