https://www.taxtmi.com/caselaws?id=398065 The ITAT Mumbai remitted the issue of treating opening work-in-progress as a business loss back to the Assessing Officer for re-evaluation. The Tribunal emphasized the need for a detailed examination of the assessee's submissions and granted the assessee an opportunity to present their case. The delay in the pronouncement was attributed to the Covid-19 lockdown. The appeal by the assessee was allowed for statistical purposes on 16th July 2020. en-us Thu, 16 Jul 2020 00:00:00 +0530 Sat, 05 Sep 2020 22:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398065 The ITAT Mumbai remitted the issue of treating opening work-in-progress as a business loss back to the Assessing Officer for re-evaluation. The Tribunal emphasized the need for a detailed examination of the assessee's submissions and granted the assessee an opportunity to present their case. The delay in the pronouncement was attributed to the Covid-19 lockdown. The appeal by the assessee was allowed for statistical purposes on 16th July 2020. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398065